Arial 1 G-D 26 + BI UA 12 I 4 5 6 Exercise 10-14 Kent Company's December 31, 2014 trial balance includes the following accounts: Accounts payable.... Accounts receivable. Interest payable... Bank demand loan payable. Cash.... Income taxes payable.. Inventory...... Mortgage payable.. Note payable... Prepaid expenses.... Other information: $ 29,400 52,000 700 10,000 3,000 1,200 27,000 140,000 5,000 1,200 The mortgage payable is due in annual principal installments of $4,000 per year. The note payable is due in full in 18 months' time. Industry average working capital ratio is 2.5:1 Instructions a. b. Prepare the current liabilities section of Kent's December 31, 2014 balance sheet. Calculate and comment on Kent's working capital and current ratio. A