Presented below is the ending balances of accounts for the kansas instruments corporation at december 31, 2016. account title debits credits cash 20,000 accounts receivable 130,000 raw materials 24,000 note receivable 100,000 interest receivable 3,000 interest payable 5,000 marketable securities 32,000 land 50,000 buildings 1,300,000 accumulated depreciation—buildings 620,000 work in process 42,000 finished goods 89,000 equipment 300,000 accumulated depreciation—equipment 130,000 patent (net of amortization) 120,000 prepaid rent (for the next two years) 60,000 deferred revenue 36,000 accounts payable 180,000 note payable 400,000 cash restricted for payment of note payable 80,000 allowance for uncollectible accounts 13,000 sales revenue 800,000 cost of goods sold 450,000 rent expense 28,000 additional information: 1. the note receivable, along with any accrued interest, is due on november 22, 2017.2. the note payable is due in 2020. interest is payable annually.3. the marketable securities consist of treasury bills, all of which mature in the next year.4. deferred revenue will be earned equally over the next two years. required: determine the company’s working capital (current assets minus current liabilities) at december 31, 2016. (amounts to be deducted should be indicated by a minus sign.)