Garys TV had the following accounts and amounts in its financial statements on December 31, 2016. Assume that all balance sheet items reflect account balances at December 31, 2016, and that all income statement items reflect activities that occurred during the year then ended.

Interest expense	$	36,000
Paid-in capital		84,000
Accumulated depreciation		34,000
Notes payable (long-term)		282,000
Rent expense		67,000
Merchandise inventory		838,000
Accounts receivable		184,000
Depreciation expense		12,000
Land		119,000
Retained earnings		403,520
Cash		140,000
Cost of goods sold		1,753,000
Equipment		69,000
Income tax expense		254,520
Accounts payable		94,000
Sales revenue		2,575,000

a.Calculate the difference between current assets and current liabilities for Garys TV at December 31, 2016.