4 Return to question 5 points On January 1, 5G Company reported current assets of $187,200 and current liabilities of $156,000. Compute total current assets, total current liabilities, and the current ratio at January 1 and after each of the following transactions. Note: Round current ratio to two decimal places. Amounts to be deducted should be indicated with a minus sign. January 5 Purchased equipment to be used in operations for $46,800 cash. January 12 Paid $13,000 cash for accounts payable. January 18 Acquired a building in exchange for a $257,400 long-term note payable, first payment to occur in 3 years. January 22 Purchased $31,200 of merchandise on credit, terms n/45. January 31 Sold outdated machinery for $33,020 cash. Answer is not complete. Current Date Current Assets Current Liabilities Ratio January 1 $ 187,200 $ 156,000 1.20 January 5 46,800 Balance, January 5 January 12 234,000 187,200 343,200 1.20 x 187,200 143,000 421,200 486,200 Balance, January 12 January 18 Balance, January 421,200 486,200 18 January 22 Balance, January 421,200 486,200 22 January 31 Balance, January 421,200 486,200 31