Plum Corporation began the month of May with $$1,500,000$ of current assets, a current ratio of $1\mathrm{.}90$:$1,$ and an acid$-$test ratio of $1\mathrm{.}30$:$1.$ During the month, it completed the following transactions $($the company uses a perpetual inventory system$).$

May $2$ Purchased $$75,000$ of merchandise inventory on credit.

May $8$ sold merchandise inventory that cost $$55,000$ for $$125,000$ cash.

May $10$ collected $$25,000$ cash on account receivable.

May $15$ Paid $$31,500$ cash to settle an account payable.

May $17$ Wrote off a $$5,000$ bad debt against the Allowance for Doubtful Accounts account.

May $22$ Declared a $$1$ per share cash dividend on its $65,000$ shares of outstanding common stock.

May $26$ Paid the dividend declared on May $22.$

May $27$ Borrowed $$115,000$ cash by giving the bank a $30-$day, $10\%$ note.

May $28$ Borrowed $$145,000$ cash by signing a long$-$term secured note.

May $29$ Used the $$260,000$ cash proceeds from the notes to buy new machinery.

Required:

Complete the table below showing Plum's

$(1)$ current ratio,

$(2)$ acid$-$test ratio, and

$(3)$ working capital after each transaction.

Note: Do not round intermediate calculations. Round your ratios to $2$ decimal places and the working capitals to nearest dollar amount. Amounts to be deducted should be indicated with a minus sign.

$\backslash$table$[[\backslash$table$[[$Transaction$],[$Beginning$]],$Current Assets,Quick Assets,Current Liabilities,$\backslash$table$[[$Current Ratio$],[1\mathrm{.}90]],\backslash$table$[[$Acid$-$Test Ratio$],[1\mathrm{.}30]],$Working Capital$],[1,500,000,$$$,1,026,316,789,474,$$$,710,526],[$May $2],[$May $2],[$Balance after May $2,1,500,000,,789,474,,,,],[$May $8],[$May $8],[$Balance after May $8],[$May $10],[$May $10],[$Balance after May $10],[$May $15],[$May $15],[$Balance after May $15],[$May $17,$L$,,,,,$I,$],[$Mov $17,F,F,F,,,,]]$