Perform current and acid-rest ratio analysis, (LO2) E18-6 Keener Incorporated had the following transactions occur involving current assets and current liabilities during February 2017 Feb. 3 Accounts receivable of $15,000 are collected. 7 Equipment is purchased for $28,000 cash. 11 Paid $3,000 for a 3-year insurance policy. 14 Accounts payable of $12,000 are paid. 18 Cash dividends of $5,000 are declared Additional information: 1. As of February 1, 2017, current assets were $110,000, and current liabilities were $50,000, 2. As of February 1, 2017, current assets included $15,000 of inventory and $2,000 of prepaid expenses Instructions (a) Compute the current ratio as of the beginning of the month and after each transaction. (b) Compute the acid-test ratio as of the beginning of the month and after each transaction