On June 30, Year 3, Fanning Company's total current assets were $503,000 and its total current liabilities were $276,500. On July 1, Year 3, Fanning issued a short-term note to a bank for $39,600 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 After the transaction transaction a. Working capital b. Current ratio