ning Company's total current assets were $496,000 and its total current liabilities were $274,500. On July 1, Year 3, Fanning issued a long-term note to a bank for $38,200 cash. Required a. Compute Fanning's working capital before and after issuing the note. b. Compute Fanning's current ratio before and after issuing the note. Note: Round your answers to 1 decimal place. a. Working capital b. Current ratio Before the transaction After the transaction