.

Plum Corporation began the month of May with $1,000,000 of current assets, a current ratio of 2.60:1, and an acid-test ratlo of 1.501 . During the month, It completed the following transactions (the company uses a perpetual Inventory system). May 2 Purchased $75,0 of merchandise inventory on credit. May 8 Sold merchandise inventory that cost $6, for $15, cash. May 10 Collected $26,0 cash on an account receivable. May 15 Paid $28,500 cash to settle an account payable. May 17 Wrote off a $5, 0 bad debt against the Allowance for Doubtful Accounts account. May 22 Declared a $1 per share cash dividend on its 69,00 shares of outstanding common stock. May 26 Paid the dividend declared on May 22. May 27 Borrowed $105, 00 cash by giving the bank a 30 -day, 10\% note. May 28 Borrowed $12, 00 cash by signing a long-term secured note. May 29 Used the $225, 600 cash proceeds from the notes to buy new machinery. Requlred: Complete the table below showing Plum's (1) current ratio, (2) acid-test ratio, and (3) working capltal after each transaction. Note: Do not round Intermedlate calculatlons. Round your ratlos to 2 declmal places and the working capitals to nearest dollar amount. Amounts to be deducted should be Indlcated with a minus sign