Plum Corporation began the month of May with $600,000 of current assets, a current ratio of 1.90:1, and an acid-test ratio of 1.40:1. During the month, it completed the following transactions (the company uses a perpetual inventory system).

May 2 Purchased $70,000 of merchandise inventory on credit.

8 Sold merchandise inventory that cost $55,000 for $150,000 cash.

10 Collected $23,000 cash on an account receivable.

15 Paid $30,500 cash to settle an account payable.

17 Wrote off a $5,000 bad debt against the Allowance for Doubtful Accounts account.

22 Declared a $1 per share cash dividend on its 58,000 shares of outstanding common stock.

26 Paid the dividend declared on May 22.

27 Borrowed $120,000 cash by giving the bank a 30-day, 10% note.

28 Borrowed $135,000 cash by signing a long-term secured note.

29 Used the $255,000 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. Subtracted amount should be indicated with a minus sign.)