The following balances are from the post-closing trial balance of Armour Inc.

Account Title	Debit	Credit
Cash	$6,400	$
Accounts receivable	26,000
Allowance for doubtful accounts		3,000
Inventory	36,000
Prepaid insurance	480
Short-term investments	11,200
Equipment	40,000
Building	120,000
Accumulated depreciationequipment		8,000
Accumulated depreciationbuilding		3,000
Goodwill	12,120
Accounts payable		18,000
Salaries payable		2,000
Interest payable		600
Income tax payable		3,600
Notes payable, 8%, 5-year		100,000
Bonds payable, 7%, 10-year		6,000
Common stock		80,000
Retained earnings		28,000
Totals	$252,200	$252,200

a. Prepare a classified balance sheet for Armour Inc. as of December 31. Note: Do not use negative signs with any of your answers.

b. Compute working capital on December 31. Working capital $