Required information [The following information applies to the questions displayed below] Bailey Delivery Company, Inc., was organized in 2018 in Wisconsin. The following transactions occurred during the year. a. Received cash from investors in exchange for 18,000 shares of stock (par value of $1.00 per share) with a market value of $9 per share. b. Purchased land in Wisconsin for $18,000, signing a one-year note (ignore interest). c Bought two used delivery trucks for operating purposes at the start of the year at a cost of $12,000 each; paid $5,000 cash and signed a note due in three years for the rest (ignore interest). d. Paid $2,800 cash to a truck repair shop for a new motor for one of the trucks. (Increase the account you used to record the purchase of the trucks because the productive life of the truck has been improved) e. Sold one-fourth of the land for $4,500 to Pablo Development Corporation, which signed a six-month note. Stockholder Helen Bailey paid $28,800 cash for a vacant lot (land) in Canada for her personal use. 4. At the end of the next two years, Bailey Delivery Company reported the following amounts on its balance sheets: Current Assets December 31, 2019 December 31, 2020 $ 50,000 $ 61,000 Long-Term Assets 44,000 74,000 Total Assets 105,000 124,000 Short-Term Notes Payable 21,000 41,000 Long-Term Notes Payable 10,000 21,000 Total Liabilities 31,000 62,000 74,000 62,000 Stockholders' Equity Compute the company's current ratio for 2018, 2019, and 2020. (Round your answers to 2 decimal places.) Current Year Ratio 2018 2019 2020