On January 1, 5G Company reported current assets of $108,000 and current liabilities of $90,000. Compute total current assets, total current liabilities, and the current ratio at January 1 and after each of the following transactions. Note: Round current ratio to two decimal places. Amounts to be deducted should be indicated with a minus sign. January 5 Purchased equipment to be used in operations for $27,000 cash. January 12 Paid $7,500 cash for accounts payable. January 18 Acquired a building in exchange for a $148,500 long-term note payable, first payment to occur in 3 years. January 22 Purchased $18,000 of merchandise on credit, terms n/45. January 31 Sold outdated machinery for $19,050 cash. Date Current Assets Current Liabilities Current Ratio: January 1 $ 108,000 $ 90,000 January 5 Balance, January 5 108,000 90,000 January 12 Balance, January 12 108,000 90,000 January 18 Balance, January 18 108,000 90,000 January 22 Balance, January 22 108,000 90,000 January 31 Balance, January 31 108,000 90,000