On January 1, 5G Company reported current assets of $144,000 and current liabilities of $120,000. 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 $36,000 cash. January 12 Paid $10,000 cash for accounts payable. January 18 Acquired a building in exchange for a $198,000 long-term note payable, first payment to occur in 3 years. January 22 Purchased $24,000 of merchandise on credit, terms n/45. January 31 Sold outdated machinery for $25,400 cash