Plum Corporation began the month of May with $1,400,000 of current assets, a current ratio of 2 60:1, and an acid-test ratio of 1 20:1 During the month, it completed the following transactions (the company uses a perpetual Inventory system). Hy 2 Turchased $75,000 of serendise itwenty on credit Mwy 8 Seld serchandise inventory that cost 150.000 for $195.000 cash My 10 Collected 130.000 cash on an et receivable May 15 Ya 31.500 cash to settle sunt puble Hwy 17 Yr off . $6.000 bad debt sist the allows for Doubtful Arents sont Hwy 22 Dealerad 11 per shure dividend in its 58.000 shares of outstanding on steel Hwy 26 Til the dividend doludy 22 Wwy 27 Hur $110.000 cash by civing the bus. 30-1, 10% note May 28 Boroved $125.000 ssh by siping lonce serred ote May 29 Ved the 1235.000 cash proceeds from the notes to buy muhinery 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 capitols to nearest dollar amount. Amounts to be deducted should be indicated with a minus sign.) Transaction Current Assets 5 1.400 000 75.000 Quick Assets $ 646,154 Current Liabilities $ 538.462 75,000 Current Ratio 260 Acid Test Ratio 120 Working Capital 5 861538 Beginning May 2 May 2 Balance after May 2 May May 8 613.462 240 1.05 861538 646,154 135.000 1.475.000 135.000 (50.000) 1.560,000 30.000 130.000) Etance afer May 613,462 254 127 945 538 May 10 May 10 Balance after May 10 781,154 30.000 (30,000) 781,154 1.560.000 613,462 254 127 946538 This window shows your responses and what was marked correct and 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 ratlos to 2 decimal places and the working capitals to nearest dollar amount Amounts to be deducted should be indicated with a minus sign.) Transaction Current Assets $ 1,400,000 75,000 Quick Assets $ 646,154 Current Liabilities 538,462 75,000 Current Ratio 2.60 Acid-Test Ratio 1.20 Working Capital 861,538 5 warded 613.462 2.40 646,154 135,000 105 861,538 1.475,000 135,000 (50,000) 1,560,000 30,000 (30,000) 1,560,000 (31,500) 613.462 254 1 27 946,538 0 781.154 30,000 (30,000) 781,154 (31.500) 613.462 (31,500) 254 127 946,538 Beginning May 2 May 2 Balance after May 2 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 May 17 Balance after May 17 May 22 May 22 Balance after May 22 May 26 May 26 Balance after May 26 May 27 May 27 Blanc 1,528,500 749,654 581.962 2630 1.29 946,538 > 1,528.500 749,654 263 1.29 581 962 X 946,538 581,962 2.63X 1,528,500 (58.000) 749,654 (58,000) 1.29 946,538 X X 1.470,500 110,000 253 691,654 110,000 581,962 110,000 > 1.19 888,538