Crane Company reports the following account balances at December 31. 2022: Accounts payable $6,600 Accounts receivable 5,000 Cash 8,700 Intangible assets 23,200 Inventory 37,900 22,000 Long-term investments Long-term liabilities 113,000 Short-term investments 4,700 Notes payable (short-term) 17,500 Property, plant, and equipment 275,000 Prepaid insurance 1,480 Salaries and wages payable 2,900 60,000 Land held for future use Compute the company's (a) working capital and (b) current ratio.(Round currnt ratio to 2 decimal places, es. 1.55:1.) (a) Working capital $ (b) Current ratio :1