On December 31, 19x5, the following selected accounts and amounts appeared in the balance sheet. Determine the amount of the working capital and the current ratio.

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Building Prepaid Insurance Merchandise Inventory $160,000 + 600 C Store Equipment Unearned Fees Notes Payable 72,000 CA 14,000 F 700 C 7,000 Accumulated Depreciation, Building 72,000 E Accounts Payable 22,000 c Land Store Supplies Cash Accumulated Depreciation, Store Equipment Notes Receivable Mortgage Payable (current portion) 40,000 ! 1,000 c 9,000 C 6,000 - 4,000 C 4,400 C Salaries Payable 2,000 c C. Ray, Capital 101,500 D Mortgage Payable (due June 30, 19x9) -85,000+