Plum Corporation began the month of May with $600,000 of current assets, a current ratio of 2.10:1, 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 $80,000 of merchandise inventory on credit. 8 Sold merchandise inventory that cost $60,000 for S120,000 cash. 10 Collected $32,000 cash on an account receivable. 15 Paid $31,000 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 63,000 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 $130,000 cash by signing a long-term secured note 29 Used 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. (Do not round intermediate calculations. Round your ratios to 2 decimal places and the working capitals to ne minus sign.) king ransaction Assets urre Ratio AssetsLiabiliti es Ratio Ca Begin May 2 $ 600,000 $400,000 285,714 1.40 S 314,286 Balance 600,000 285,714 May 8 Balance May 10 Balance May 15 Balance May 17 Balance May 22 Balance May 26 Balance May 27 May 28 Balance May 29 Balance