Return to question 4 E9-1 (Algo) Identifying Current Liabilities, Computing Working Capital, and explaining Working Capital LO 9-1, 9-4, 9-5 1.37 points Diane Corporation is preparing its year-end balance sheet. The company records show the following selected amounts at the end of the year: 8 02-57-36 Total assets $550,000 Total noncurrent 308,000 assets Liabilities: Notes payable (88, 21,000 due in 5 years) Accounts payable 54,000 Income taxes payable 14,000 Liability for withholding taxes 1,000 Rent revenue 10,000 collected in advance Bonds payable (due in 15 years) 94,000 Wages payable 10,000 Property taxes 6,000 payable Note payable (108, 14,000 due in 6 months) Interest payable 500 Common stock 210,000 02:57:30 Required: 1-a. What is the amount of current liabilities? X Answer is complete but not entirely correct. Current liabilities 203,500 1-b. Compute working capital. Answer is complete but not entirely correct. Working capital $ 38,500