Cirect of Transactions on Current Position Analysis Date pertaining to the current position of Lucray Industries Inc. are as follows: $405,000 Markatahia sacurities 185.000 Accounts and notes receivable (net) 330,000 Inventories 700,000 Prepaid expenses 46,000 Accounts payable 200,000 Notes payable (short-term) 200,000 Accrued expenses 30 300,000 Required: I. Compute(a) the working capital, by the current ratio, and the quick ratio. Round ratios tocne decimal place, a. Working cl h. rent ratio c. Quick raliu 2. Compute the working capital, the current retic, and the quick ratio after each of the following transactions, and record the results in the appropriate columns Consider each transaction separately and assume that only that transaction alects the data given. Round relies to one decimal plece Transaction Working Capital Current Ratio Quick Ratio a. Sold marla table securities at no gain or loss, S70,000. Paid accounts payable, $125,000 c. Purchased goods on account, $100,000 1. Paid notes payable, $115,000. P. Declared a cash Vidand, $125,000 I. Declared a common stock dividend un common stock, $40,000 y Borrowed crash fruit benk or a long-term nole, S210,000. 11. Received custom account, $330,000 i. Issued auditional shares of stock for casi, $565,000. 1. Ield cash for prepaid cxpenses, $10,000