On June 30, 2018, Fanning Company's total current assets were $498,000 and its total current liabilities were $278,500. On July 1, 2018, Fanning issued a short-term note to a bank for $40,800 cash. Required a. Compute Fanning's working capital before and after issuing the note. b. Compute Fanning's current ratio before and after issuing the note. (Round your answers to 2 decimal places.) Before the transaction After the transaction a. Working Capital b. Current Ratio