On December 31, 2012, Raben Company's total current assets were $300,000 and its total current liabilities were $170,000. On January 1, 2013, Raben paid $10,000 on accounts payable.Required:a) Compute Raben's working capital before and after paying the account payable.b) Compute Raben's current ratio before and after paying the account payable.Show all work to receive full credit