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Accumulated depreciation-equipment Presented below are the ending balances of accounts for the Kansas Instruments Corporation at December 31, 2024 Account Title Cash Accounts receivable
Accumulated depreciation-equipment Presented below are the ending balances of accounts for the Kansas Instruments Corporation at December 31, 2024 Account Title Cash Accounts receivable Raw materials Notes receivable Interest receivable Interest payable Investment in debt securities Land Buildings Accumulated depreciation-buildings Work in process Finished goods Equipment Debits $ 29,000 Credits 148,000 33,000 109,000 12,000 $ 14,000 41,000 $9,000 1,480,000 629,000 51,000 98,000 318,000 139,000 Patent (net) 129,000 Prepaid rent (for the next two years) 69,000 Deferred revenue 45,000 Accounts payable: 189,000 Notes payable 490,000 ces Restricted cash (for payment of notes payable) 89,000 Allowance for uncollectible accounts 22,000 Sales revenue 980,000 Cost of goods sold Rent expense 459,000 37,000 Additional Information 1 The notes receivable, along with any interest receivable, are due on November 22, 2025 2. The notes payable are due in 2028 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, 2024 Note: Amounts to be deducted should be indicated by a minus sign.
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