At December 31, 2016, Stellar Corporation reported current assets of $406,510 and current liabilities of $196,600. The following items may have been recorded incorrectly. 1. Goods purchased costing $21,000 were shipped f..b. shipping point by a supplier on December 28. Stellar received and recorded the invoice on December 29, 2016, but the goods were not included in Stellar's physical count of inventory because they were not received until January 4, 2017. 31, but the goods were not included in Stellar's 2016 physical count of inventory because they were not received until January 2, 2017 3. Goods held on consignment from Claudia Kishi Company were included in Stellar's December 31, 2016, physical count of inventory at $11,950. 4. Freight-in of $3,240 was debited to advertising expense on December 28, 2016. Compute the current ratio based on Stellar's balance sheet. (Round ratio to 2 decimal places, e.g. 2.31:1.) The current ratio LINK TO TEXT Recompute the current ratio after corrections are made. (Round ratio to 2 decimal places, e.g. 2.31:1.) The current ratio LINK TO TEXT By what amount will income (before taxes) be adjusted up or down as a result of the corrections? Assume that goods are sold in item #4. Adjust Income s