millions of dollars.) Accounts Payable Accounts Receivable Cash s 120 16 112 27 Conmon Stock Equipment Inventory Notes Payable (long-term) Notes Payable (short-term) Prepaid Rent Retained Earnings Salaries and Wages Payable Software 305 148 165 29 26 65 Assume that the following events occurred in the following quarter. a. Paid $45 cash for additional inventory. b. Issued additional shares of common stock for $35 in cash. c. Purchased equipment for $150, paid $70 in cash and signed a note to pay the remaining $80 in two years. d. Signed a short-term note to borrow $13 cash. e. Conducted negotiations to purchase a sawmill, which is expected to cost $34. 7-a. Use your response to part 6 to calculate Edward Allen's current ratio after the transactions liste 2 decimal places.) d in (a-0, (Round your answer to e ratio after the transactions (a)-e)