You have decided to buy a used car. The dealer has offered you two options: (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use the approprlate factor(s) from the tables provided.) 6 points a. Pay $660 per month for 25 months and an additional $10,000 at the end of 25 months. The dealer is charging an annual Interest rate of 24% b. Make a one-time payment of $18,980, due when you purchase the car. eBook 1-a. Determine how much cash the dealer would charge in option (a). (Round your final answer to nearest whole dollar.) Present value Print References 1-b. In present value terms, which offer is clearly a better deal? O Option a Option b The present values of the options are nearly the same Diane Corporation is preparing its year-end balance sheet. The company records show the following selected amounts at the end of the year: 8 points $599,000 354,800 eBook Total assets Total noncurrent assets Liabilities: Notes payable (8%, due in 5 years) Accounts payable Income taxes payable Liability for withholding taxes Rent revenue collected in advance Bonds payable (due in 15 years) Wages payable Property taxes payable Note payable (10%, due in 6 months) Interest payable Common stock 23,000 56, eee 14, eee 4,000 8,eee 113, eee 8,888 4,eee 15,888 500 180, eee Hint Print References Required: 1-a. What is the amount of current liabilities? Current liabilities 1-b. Compute working capital. Working capital 2. Would your computation be different if the company reported $280,000 worth of contingent liabilities in the notes to its financial statements? O Yes O No