Mini-Exercise 11-1 (Algo) Calculate working capital, current ratio, and acid-test ratio The following amounts were reported on the December 31, 2022, balance sheet: Cash Accounts receivable Common stock Wages payable $ 44,000 121,000 220,000 27,500 Retained earnings 440,000 Land 110,000 Accounts payable 15,300 Bonds payable 645,440 Merchandise inventory 83,240 Buildings and equipment, net of 990,000 accumulated depreciation Required: a. Calculate working capital at December 31, 2022. b. Calculate the current ratio at December 31, 2022. Note: Round your answer to 1 decimal place. c. Calculate the acid-test ratio at December 31, 2022. Note: Round your answer to 1 decimal place. a. Working capital b. Current ratio c. Acid-test ratio