Plum Corporation began the month of May with $900,000 of current assets, a current ratio of 2.30.1, and an acid-test ratio of 1.70.1 During the month, it completed the following transactions (the company uses a perpetual inventory system). May 2 Purchased $60,000 of nerchandise inventory on credit. 8 Sold merchandise inventory that cost $55,eee for $125,eee cash 1e Collected $27,e00 cash on an account receivable. 15 Paid $26,eee cash to settle an account payable. 17 Wrote off a $5,00e bad debt against the Allowance for Doubtful Accounts account. 22 Declared a $1 per share cash dividend on its 64,eee shares of outstanding common stock 26 Paid the dividend declared on May 22. 27 Borrowed $125,e0e cash by giving the bank a 3e-day, 10% note. 28 Borrowed $140,000 cash by signing a long-term secured note. 29 Used the $265,000 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 decimel places and the working capitals to nearest doller amount Subtrected amount should be indicated with a minus sign.) Current Assets Quick Assets Current Liabilities Current Ratio Transaction Acid Test Ratio Working Capital Beginning May 2 900,000 $ 665 217 391,304 1.70 2.30 508,696 Balance May 8