9 Part 4 of 4 10 points Skipped eBook Print Required Information [The following information applies to the questions displayed below.] Bailey Delivery Company, Incorporated, was organized in 2021 in Wisconsin. The following transactions occurred during the year: a. Received cash from investors in exchange for 10,000 shares of stock (par value of $1.00 per share) with a market value of $4 per share. b. Purchased land in Wisconsin for $16,000, signing a one-year note (ignore interest). c. Bought two used delivery trucks for operating purposes at the start of the year at a cost of $10,000 each; paid $4,000 cash and signed a note due in three years for the rest (ignore interest). d. Paid $1,000 cash to a truck repair shop for a new motor for one of the trucks. (Increase the account you used to record the purchase of the trucks because the productive life of the truck has been improved.) e. Sold one-fourth of the land for $4,000 to Pablo Development Corporation, which signed a six-month note. f. Stockholder Helen Bailey paid $27,600 cash for a vacant lot (land) in Canada for her personal use. References 4. At the end of the next two years, Bailey Delivery Company reported the following amounts on its balance sheets: Current Assets Long-Term Assets Total Assets Short-Term Notes Payable Long-Term Notes Payable Total Liabilities. Stockholders' Equity December 31, December 31, 2022 2023 $52,000 $47,000 38,000 73,000 90,000 120,000 23,000 40,000 17,000 20,000 40,000 60,000 50,000 60,000 Compute the company's current ratio for 2021, 2022, and 2023. Note: Round your answers to 2 decimal places. Year Current Ratio 2021 2022 2023