Selected amounts from Reingold Company's balance sheet from the beginning of the year follow: During the year, the company completed the following transactions: x. Purchased inventory on account, exist57, 500. a. Declared a cash dividend, exist40,000. b. Paid accounts payable, exist116,000. c. Collected cash on accounts receivable, exist91,000. d. Purchased equipment for cash, exist83,000. e. Paid a cash dividend previously declared, exist40,000. f. Borrowed cash on a short-term note with the bank, exist75,000. g. Sold inventory costing exist78,000 for exist110,000, on account. h. Wrote off uncollectible accounts in the amount of exist14,000 reducing the accounts receivable balance accordingly. i. Sold marketable securities costing exist17,000 for cash, exist13,000. j. Issued additional shares of common stock for cash, exist220,000. k. Paid off all short-term notes due, exist195,000. 1. Compute the following amounts and ratios as of the beginning of the year. a. Working capital b. Current ratio (Round your answer to 2 decimal places.) c. Acid-test ratio (Round your answer to 2 decimal places.)