Complete the table below showing Plum's (1current ratio, (2) acid-test ratio, and (3) working capital after each transaction (Do not round intermediate calculations. Round your ratios to 2 decimal places and the working capitals to nearest dollar amount. Subtracted amount should be indicated with a minus sign.)

Plum Corporation began the month of May with $1,000,000 of current assets, a current ratio of 2.70:1, and an acid-test ratio of 1.50: During the month, it completed the following transactions (the company uses a perpetual inventory system), May 2 Purchased $70,000 of merchandise inventory on credit. 8 sold merchandise inventory that cost $55,000 for $125,000 cash. 10 Collected $26,000 cash on an account receivable. 15 Paid $30,500 cash to settle an account payable. 17 Wrote off a $5,000 bad debt against the Allowance for Doubtful Accounts account. 22 Declared a $1 per share cash dividend on its 58,000 shares of outstanding common stock. 26 Paid the dividend declared on May 22. 27 Borrowed $115,000 cash by giving the bank a 30-day, 10 note. 28 Borrowed $125,000 cash by signing a long-term secured note. 29 Used the $240,000 cash proceeds from the notes to buy new machinery. Required: Complete the table below showing Plum's (1) current ratio, (2) acid-test ratio, and (3) working capital after each transaction(Do not round intermediate calculations. Round your ratios to 2 decimal places and the working capitals to nearest dollar amount. Subtracted amount should be indicated with a minus sign.) Transaction Quick Assets Answer is complete but not entirely correct. Current Current Acid-Test Liabilities Ratio Ratio $ 370,370 2.70 1.50 $ 70,000 0 Working Capital 629,630 Beginning May 2 Current Assets $ 1,000,000 70,000 0 $ 555,556 0 0 555,556 2.42 1.26 629,630 Balance May 8 1,070,000 (55,000) 125,000 440,370 0 125,000 0 0 Balance 440,370 2.59 1.55 699,630 (26,000) 1,140,000 (30,500) 0 26,000) 680,556 (30,500) 0 May 15 0 (30,500) 409,870 Balance 1,109,500 650,056 2.71 1.59 699,630 May 17 0 0 0 X Balance 1.109,500 2.70 1.56 699,630 650.056 0 409,870 58,000 May 22 0 . 0 0 0 Balance 237 1.37 641,630 650,056 (58.000) May 26 1,109,500 (58,000) 0 1.051,500 467,870 0 (58,000) 409,870 115,000 0 Balance 2.50 1.43 641.630 May 27 115,000 0 2.21 1.33 141,630 Balance May 28 1,168,500 125,000 592,056 115,000 0 707,056 125.000 0 832,056 $240,000) 0 592,056 524,870 0 Balance 2.45 1.57 766,630 0 524,870 o 0 1,201,500 (240,000) 0 1,051,500 May 20 Balance 524,870 1.99 1.12 28,630