Selected balance sheet accounts for Tibbetts Company on September 30, 2022, are as follows: Required: a. Calculate the working capital, current ratio, and acid-test ratio for Tibbetts Company as of September 30,2022. b. Summarized here are the transactions/events that took place during the fiscal year ended September 30, 2023, Prepare journal entries for the below transactions and indicate the effect of each item on Tibbetts Company's working capital, current ratio, and acid-test ratio. Use + for increase, - for decrease, and (NE) for no effect. 1. Credit sales for the year amounted to $336,000. The cost of goods sold was $218,400. 2. Collected accounts receivable, $352,800. 3. Purchased inventory on account, $235,200. 4. Issued 700 shares of common stock for $25 per share. 5. Wrote off $9,800 of uncollectible accounts using the allowance for bad debts. 6. Declared and paid a cash dividend, $28,000. 7. Sold marketable securities costing $36,400 for $43,400 in cash. 8. Recorded insurance expense for the year, $16,800. The premium for the policy was paid in June 2022. 9. Borrowed cash on a short-term bank loan, $14,000. 10. Repaid principal of $56,000 and interest of $4,200 on a long-term bank loan