Norsk Optronics, ALS, of Bergen, Norway, had a current ratio of 2 on June 30 of the current year. On that date, the company's assets were: Cash Accounts receivable, net Inventory Prepaid expenses Plant and equipment, net Total assets Required: $ 70,000 390,000 670,000 8,000 1,850,000 $ 2,988,000 1. What was the company's working capital on June 30? 2. The company paid an account payable of $42,000 immediately after June 30.1 a. What effect did this transaction have on working capital? b. What effect did this transaction have on the current ratio? (Round your intermediate calculations to 1 decimal place.) 1. Working capital 2a. Effect on working capital 2b. Effect on current ratio