Diane Corporation is preparing its 2015 balance sheet. The company records show the following selected amounts at the end of the accounting period, December 31, 2015: $ 530,000 302,000 Total assets Total noncurrent assets Liabilities: 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 Common stock 19,000 51,000 13,000 4,000 7,000 103,000 7,000 3,000 13,000 400 230,000 Required: 1-a. Compute working capital. Working capital 1-b. Compute the quick ratio (quick assets are $85,000). (Round your answer to 2 decimal places.) Quick ratio 2. Would your computation be different if the company reported $340,000 worth of contingent liabilities in the notes to the statements? Yes