Bailey Delivery Company, Inc., was organized in 2018 in Wisconsin. The following transactions occurred during the year. a. Received cash from investors in exchange for 17,000 shares of stock (par value of $1.00 per share) with a market value of $8 per share. b. Purchased land in Wisconsin for $17,000, 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 $12,000 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 $4,250 to Pablo Development Corporation, which signed a six-month note. f. Stockholder Helen Bailey paid $28,500 cash for a vacant lot (land) in Canada for her personal use. 4. At the end of the next two years, Bailey Delivery Company reported the following amounts on its balance sheets: Current Assets December 31, 2019 December 31, 2020 $ 49,000 78,000 127,000 $ 53,000 Long-Term Assets 44,000 Total Assets 97,000 Short-Term Notes Payable 17,000 39,000 Long-Term Notes Payable 20,000 22,000 Total Liabilities 37,000 61,000 60,000 66,000 Stockholders' Equity Compute the company's current ratio for 2018, 2019, and 2020. (Round your answers to 2 decimal places.) Year Current Ratio 2018 2019 2020