On December 1, 2014, Beta Corporation pays $60,000 for a property and casualty Insurance policy that covers the 12-month period that begins on December 1. Beta's accountant makes the proper journal entry on December 1 to record the cash payment and also makes the proper adjusting journal entry on December 31 with respect to this prepaid expense. What is the effect of the December 31, 2014 adjusting journal entry on Beta's current ratio and acid-test ratio? O Has no effect on either the current ratio or the acid-test ratio Increases the current ratio and has no effect on the acid-test ratio O Has no effect on the current ratio and decreases the acid-test ratio O Decreases both the current ratio and the acid-test ratio O None of the above