May 2 Purchased $60,000 of merchandise inventory on credit. May 8 sold merchandise inventory that cost $55,600 for $125,600 cash. May 18 collected $30,00 cash on an account receivable. May 15 Paid $27,500 cash to settle an account payable. May 17 Wrote off a $5, eee bad debt against the Allowance for Doubtful Accounts account. May 22 Declored a $1 per share cash dividend on its 56,080 shares of outstanding conmon stock. Hay 26 Paid the dividend declared on May 22. May 27 . vorrowed $105,000 cash by giving the bank a 30-day, 10 note. May 28 Borrowed $130,800 cash by signing a long-tern secured note. Hay 29 used the 5235,000 cosh proceeds fron 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 no round intermediate calculations. Round your ratios to 2 decimal places and the working capitals to nearest dollar amount. Amounts to be deducted should be indicated with a minus sign.)