Cullumber Company reports the following account balances at December 31, 2022: Accounts payable Accounts receivable Cash $5,100 7,400 8,700 23,500 Intangible assets Inventory 37,800 22,500 Long-term investments Long-term liabilities Short-term investments 107.000 3,900 Notes payable (short-term) 17,000 250,000 Property, plant, and equipment Prepaid insurance 1,245 Salaries and wages payable Land held for future use 2,000 70,000 Compute the company's (a) working capital and (b) current ratio. (Round current ratio to 2 decimal places, e.g. 1.55:1.) (a) Working capital $ (b) Current ratio :1