Plum Corporation began the month of May with $1,200,000 of current assets, a current ratio of 2.30:1, and an acid-test ratio of 1.60:1. During the month, it completed the following transactions (the company uses a perpetual inventory system).

May 2Purchased $60,000 of merchandise inventory on credit.May 8Sold merchandise inventory that cost $50,000 for $140,000 cash.May 10Collected $25,000 cash on an account receivable.May 15Paid $31,000 cash to settle an account payable.May 17Wrote off a $5,000 bad debt against the Allowance for Doubtful Accounts account.May 22Declared a $1 per share cash dividend on its 65,000 shares of outstanding common stock.May 26Paid the dividend declared on May 22.May 27Borrowed $110,000 cash by giving the bank a 30-day, 10% note.May 28Borrowed $140,000 cash by signing a long-term secured note.May 29Used the $250,000 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.