On June 30, Year 3, Fanning Company's total current assets were $500,500 and its total current liabilities were $276,000. On July 1, Year 3, Fanning issued a short-term note to a bank for $39,000 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