15) Presented below is a partial trial balance for the Messenger Corporation at December 31, 2018.

Account Title debit credit

Cash and cash equivalents 30000

Accounts receivable 192000

Raw materials inventory 36000

Note receivable 125000

Interest receivable 4000

Interest payable 8000

Marketable securities investments 48000

Land 100000

Buildings 1500000

Accumulated depreciationbuildings 740000

Work in process inventory 38000

Finished goods inventory 68000

Equipment 400000

Accumulated depreciationequipment 230000

Franchise (net of amortization) 120000

Prepaid insurance (for the next year) 60000

Deferred revenue 48000

Accounts payable 290000

Note payable 500000

Salaries payable 8000

Allowance for uncollectible 24000

accounts Sales revenue 900000

Cost of goods sold 500000

Salaries expense 48000

Additional information:

I. 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.