Problem 3- Presented below is a partial trial balance for the Messenger Corporation at December 31, 2018. 30,000 Cash and cash equivalents 195,000 36,000 120,000 4,000 7,000 48,000 100,000 1,500,000 740,000 38,000 98,000 400.000 230,000 120,000 60,000 48,000 240,000 Accounts receivable Raw materials inventory Note receivable Interest receivable Interest payable Marketable securities investments Land Buildings Accumulated depreciation--buildings Work in process inventory Finished goods inventory Equipment Accumulated depreciation- equipment Franchise (net of amortization) Prepaid insuranc? sfor the next year) Deferred revenue Accounts payable Note payable Salaries payable - Allowance for uncollectible accounts Sales revenue Cost of goods sold Salaries expense 500.000 6,000 24.000 900,000 500,000 48.000 Additional information: 1. The note receivable, along with any accrued interest, is due on November 1, 2019 2. The note payable is due in 2023. Interest is payable annually 3. The marketable securities consist of investments in equity securities of other corporations. Management does not intend to sell any of the securities in the next year. 4. Deferred revenue will be recognized equally over the next 18 months Required: Determine the company's working capital at December 31, 2018. Determine the company's current ratio at December 31. 2018. I. 2