Exercise 3-6 (Algo) Balance sheet; Current versus long-term classification [LO3-2, 3-3] Presented below are the ending balances of accounts for the Kansas Instruments Corporation at December 31, 2024.

Account Title Debits

Credits Cash $ 29,000

Accounts receivable 148,000

Raw materials 33,000

Notes receivable 109,000

Interest receivable 12,000

Interest payable $ 14,000

Investment in debt securities 41,000

Land 59,000 Buildings

1,480,000 Accumulated depreciationbuildings

629,000 Work in process

51,000 Finished goods

98,000 Equipment

318,000 Accumulated depreciationequipment

139,000 Patent (net)

129,000 Prepaid rent (for the next two years)

Required:

Determine the companys working capital (current assets minus current liabilities) at December 31, 2024.