On June 30, Year 3. Fanning Company's total current assets were $499,500 and its total current liabilities were $277.500. On July 1, Year 3, Fanning issued a short-term note to a bank for $38,600 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 transaction After the transaction a Working capital Current ratio b