Plum Corporation began the month of May with $$600,000$ of current assets, a current ratio of $2\mathrm{.}20$:$1,$ and an acid$-$test ratio of $1\mathrm{.}60$:$1.$ During the month, it completed the following transactions $($the company uses a perpetual inventory system$).$

May $2$ Purchased $$60,000$ of merchandise inventory on credit.

May $8$ Sold merchandise inventory that cost $$55,000$ for $$120,000$ 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 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 $$110,000$ cash by giving the bank a $30-$day, $10\%$ note.

May $28$ Borrowed $$130,000$ cash by signing a long$-$term secured note.

May $29$ Used the $$240,000$ 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$],[2\mathrm{.}20]],\backslash$table$[[$Acid$-$Test Ratio$],[1\mathrm{.}60]],$Working Capital$],[$$$,600,000,$$$,436,364,272,727,327,273],[$May $2],[$May $2],[$Balance after May $2,,600,000,,,272,727,,,],[$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 $27],[$Balance after May $27,,,,,,,,],[$May $28,,,,,,,,],[$May $28,,,,,,,,],[$Balance after May $28,,,,,,,,],[$May $29,,,,,,,,],[$May $29,,,,,,,,],[$Balance after May $29,,,,,,,,]]$