The chief financial officer (CFO) of Blossom Company requested that the accounting department prepare a preliminary balance sheet on December 30, 2022, so that the CFO could get an idea of how the company stood. He knows that certain debt agreements with its creditors require the company to maintain a current ratio of at least 2:1. The preliminary balance sheet is as follows.

Blossom Company Balance Sheet December 30, 2022
Current assets
Cash		$26,500
Accounts receivable		38,600
Prepaid insurance		6,900		$ 72,000
Equipment (net)				201,700
Total assets				$273,700
Current liabilities
Accounts payable		$ 24,000
Salaries and wages payable		12,000		$ 36,000
Long-term liabilities
Notes payable				86,000
Total liabilities				122,000
Stockholders equity
Common stock		100,000
Retained earnings		51,700		151,700
Total liabilities and stockholders equity				$273,700

Based on the results in (a), the CFO requested that $24,000 of cash be used to pay off the balance of the accounts payable account on December 31, 2022. Calculate the new current ratio and working capital after the company takes these actions. (Round current ratio to 1 decimal place, e.g. 0.7 : 1.)

Current ratio			enter current ratio rounded to 1 decimal place	:1
Working capital		$	enter a dollar amount