Plum Corporation began the month of May with $1.200,000 of current assets, a current ratio of 1.90:1, and an acid-test ratio of 1.70:1. 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 Sold merchandise inventory that cost $45,000 for $140,000 cash. May 10 Collected $25,000 cash on an account receivable. May 15 Paid $31.000 cash to settle an account payable. May 17 wrote oft a $5,000 bad debt against the Allowance for Doubtful Accounts account. May 22 Declared a $1 per share cash dividend on its 62,000 shares of outstanding common stock. May 26 Paid the dividend declared on May 22. May 27 Borrowed $100,000 cash by giving the bank a 30-day, 109 note. May 28 Borroved $130,000 cash by signing a long-term secured note. May 29 Used the $230,000 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 (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.) Transaction Beginning May 2 May 2 Current Assets Quick Assets Current Liabilities Current Ratio $ 1.200,000 $1,073.684 5 631,579 1.90 75.000 75.000 Acid-Test Ratio Working Capital 1.70 $ 568,421