16. Diane Corporation is preparing its year-end balance sheet. The company records show the following selected amounts at the end of the year: Total assets Total noncurrent assets Liabilities S 560,000 326,000 Notes payable (8%, due in 5 years) Accounts payable Income taxes payable Liability for withholding taxes Rent revenue collected in advance Bonds payable (due in 15 years) Wages payable Property taxes payable Note payable (10%, due in 6 months) Interest payable 1,000 55,000 10,000 2,000 9,000 107,000 9,000 5,000 16,000 0420) 160,000 Common stock Required 1-a. What is the amount of current liabilities? urre 1-b. Compute working capital. Working capital 2. Would your computation be different if the company reported $260,000 worth of contingent liabilities in the notes to its financial statements? Yes O No