Plum Corporation began the month of May with $800,000 of current assets, a current ratio of 200:1, and an acid-test ratio of 1.30.1. During the month, it completed the following transactions (the company uses a perpetual inventory system) aid $32,00 Scoo bad debt againsend on its 62,000 shar May 2 Purchased $55,000 of merchandise inventory on credit. & Sold merchandise inventory that cost $60,eee for $150,000 cash. 10 collected $24,000 cash on an account receivable. 15 Paid $32,000 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 62,eee shares of outstanding common stock. 26 Paid the dividend declared on May 22. 27 Borrowed $110,000 cash by giving the bank a 3e-day, sex note. 28 Borrowed $125,000 cash by signing a long-term secured note. 29 used the $235, eee 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 Beginning Current Assets Assets S 800,000 $ 520,000 Current Liabilities Current Ratio Acid-Test Ratio Working Capital $ 400,000 2.00 1.30 S 400,000 May 2 Balance Balance Balance May 8 Balance May 10 Balance May 15 T Balance May 17 Balance May 22 Balance May 26 Balance May 27 May 15 Balance May 17 T S Balance May 22 Balance May 26 Balance May 27 Balance May 28 Balance May 29 Balance