He CT 305 - Fall 2020 Saved Presented below is a partial trial balance for the Messenger Corporation at December 31, 2021. Credits Debits 41,000 217,000 47,000 122,000 6,000 9,000 50,000 155,000 1,400,000 795,000 Account Title Cash and cash equivalents Accounts receivable Raw materials inventory Notes receivable Interest receivable Interest payable Investments Land Buildings Accumulated depreciation-buildings Work in process inventory Finished goods inventory Equipment Accumulated depreciation-equipment Franchise (net of amortization) Prepaid insurance for the next year) Deferred revenue Accounts payable Notes payable Salaries payable Allowance for uncollectible accounts Sales revenue Cost of goods sold Salaries expense 25,000 85,000 455,000 285,000 1, 420,000 71.000 69,000 350,000 610,000 9,000 35,000 8,600,000 555,000 59.000 Additional information: 1. The notes receivable, along with any accrued interest, are due on November 1, 2022 2. The notes payable are due in 2026. Interest is payable annually, 3. The investments consist of equity securities of other corporations Management does not intend to sell any of the securities in next year 4. Deferred revenue will be recognized equally over the next 18 months external_browser=0&launchUrl=https%253A%252F%252Fwww.blackboard.odu.edu% @ Do upd - ACCT 305 - Fall 2020 Saved Help Sa 25,000 85,000 455,000 285,000 Work in process inventory Finished goods inventory Equipment Accumulated depreciation equipment Franchise (net of amortization) Prepaid insurance for the next year) Deferred revenue Nccounts payable Notes payable Salaries payable Allowance for uncollectible accounts Sales revenge Cost of goods sold Salaries expense 1.420,000 71,000 69,000 350,000 610,000 9.000 35,000 8,600,000 555,000 59,000 Additional information: 1. The notes receivable, along with any accrued interest, are due on November 1, 2022 2. The notes payable are due in 2026. Interest is payable annually 3. The investments consist of 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, 2021. (Do not round your intermediate calculations.) Woning capital