Question - Using the following information what amount should be reported as current liabilities and what is the working capital?
Wages Payable $25,600
Cash 17,700
Mortgage Payable 151,600
Dividends Payable 14,000
Prepaid Rent 13,600
Inventory 81,800
Sinking Fund Assets 52,400
Short-term Investment 12,500
Premium on bonds payable 4,600
Stock Investment in Subsidiary 102,400
Taxes Payable 22,800
Accounts Payable 24,800
Accounts Receivable 36,600