Diane Corporation is preparing its year-end balance sheet. The company records show the following selected amounts at the end of the year: $ 610,000 302, 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 (lue in 15 years) Wages payable Property taxes payable Note payable (10%, due in 6 months) Interest payable Common stock 19,000 55,000 14,000 2,000 7,000 107,000 7,000 3,000 13,000 400 240,000 Required: 1-a. What is the amount of current liabilities? Current liabilities 1-b. Compute working capital. Working capital 2. Would your computation be different if the company reported $310,000 worth of contingent liabilities in the notes to its financial statements? Yes O No