As of December 31, Year 1, Gant Corporation had a current ratio of 1.29, quick ratio of 1.05, and working capital of $29,000. The company uses a perpetual inventory system and sells merchandise for more than it cost. On January 1, Year 2, Gant issued common stock at par value for $10,000 cash. Which of the following statements is correct? Multiple Choice Gant's current ratio will increase. O Gant's current ratio will decrease. C o O Gant's quick ratio will decrease. Gant's working capital will decrease