Plum Corporation began the month of May with $700,000 of current assets, a current ratio of 2.40:1, and an acid-test ratio of 1.20:1. During the month, it completed the following transactions (the company uses a perpetual inventory system).

May		2		Purchased $60,000 of merchandise inventory on credit.
		8		Sold merchandise inventory that cost $65,000 for $160,000 cash.
		10		Collected $31,000 cash on an account receivable.
		15		Paid $26,000 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 68,000 shares of outstanding common stock.
		26		Paid the dividend declared on May 22.
		27		Borrowed $115,000 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 $245,000 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.)

Transaction	Current Assets	Quick Assets	Current Liabilities	Current Ratio	Acid-Test Ratio	Working Capital
Beginning	$700,000	$350,000	$291,667	2.40	1.20	$408,333