Presented next are the ending balances of accounts for the Kansas Instruments Corporation at December 31, 2021.

Additional Information:1. The notes receivable, along with any accrued interest, are due on November 22, 2022.2. The notes payable are due in 2025. Interest is payable annually.3. The investment in debt securities consist of treasury bills, all of which mature next year.4. Deferred revenue will be recognized as revenue equally over the next two years.

Required:Determine the company?s working capital (current assets minus current liabilities) at December 31, 2021.

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Account Title Debits Credits $ 20,000 Cash Accounts receivable 130,000 Raw materials 24,000 100,000 Notes receivable Interest receivable 3,000 $ 5,000 Interest payable Investment in debt securities 32,000 Land 50,000 Buildings Accumulated depreciation-buildings 1,300,000 620,000 Work in process Finished goods Equipment Accumulated depreciation-equipment Patent (net) Prepaid rent (for the next two years) Deferred revenue (next 12 months) Accounts payable Notes payable Restricted cash (for payment of notes payable) 42,000 89,000 300,000 130,000 120,000 60,000 36,000 180,000 400,000 80,000 Allowance for uncollectible accounts 13,000 Sales revenue 800,000 Cost of goods sold Rent expense 450,000 28,000