Plum Corporation began the month of May with $900,000 of current assets, a current ratio of 2.80:1, 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. May 8 Sold merchandise inventory that cost $60,000 for $130,000cash. May 10 Collected $23,000 cash on an account receivable. May 15 Paid $23,000 cash to settle an account payable. May 17 Wrote off a $5,000 bad debt against the Allowance for Doubtful Accounts account. May 22 Declared a $1 per share cash dividend on its 61,000 shares of outstanding common stock. May 26 Paid the dividend declared on May 22. May 27 Borrowed $90,000 cash by giving the bank a 30-day, 10% note. May 28 Borrowed $105,000 cash by signing a long-term secured note. May 29 Used the $195,000 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. Amounts to be deducted should be indicated with a minus sign.)