The chief financial officer (CFO) of Flounder Corporation requested that the accounting department prepare a preliminary statement of financial position on December 30, 2018, so that the CFO could ge an idea of how the company stood. He knows that certain debt agreements with its creditors require th company to maintain a current ratio of at least 2:1. The preliminary statement of financial position is as follows. Assets Current assets Cash Accounts receivable Prepaid insurance Property, plant, and equipment (net) Total assets FLOUNDER CORP. Statement of Financial Position December 30, 2018 Liabilities and Shareholders' Equity Current liabilities $30,900 Accounts payable $25,800 30,900 Salaries payable 15,700 $41,500 11,240 $73,040 Non-current liabilities 192,960 Bank loan payable 83,300 $266,000 124,800 Total liabilities Shareholders' equity Common shares Retained earnings Total liabilities and shareholders' equity 100,500 40,700 141,200 $266,000 Calculate the current ratio and working capital based on the preliminary statement of financial position at December 30, 2018. (Round current ratio to 1 decimal place, e.g. 2.1.) Current ratio : 1 Working capital $ Based on the results in (a), the CFO requested that $25,200 of cash be used to pay some of the balance of the accounts payable account on December 31, 2018. Calculate the new current ratio and working capital after the company takes these actions. (Round current ratio to 1 decimal place, e.g. 2.1.) Current ratio :1 Working capital $