3.) For AJAX Construction, they sold a crane to another contractor. The crane was fully paid for on the books of AJAX. The crane was sold for $120,000 in cash. The crane was purchased for $240,000 and $ 124,800 of depreciation has been taken. If AJAX prior to selling the crane had $40,000 in notes payable, $60,000 in accounts payable, $160,000 cash, $40,000 in accounts receivable, $40,000 in inventory, $24,000 in notes receivable, $20,000 in prepaid expenses, and $80,000 in billings in excess of costs and profits, what was their prior quick ratio and what is their new quick ratio, if changed, after the crane sale? (16 pts.) SIA & Calc. Prior Quick Ratio: After Quick Ratio (if changed)