As of December 31, 2013, Gant Corporation had a current ratio of 1.29, quick ratio of 1.05, and working capital of $18,000. The company uses a perpetual inventory system and sells merchandise for more than it cost. On January 1, 2014, Gant issued common stock for $10,000 cash. Which of the following statement is true?

Gant's current ratio will decrease.

Gant's current ratio will increase.

Gant's quick ratio will decrease.

Gant's working capital will decrease.