The chief financial officer (CFO) of Oriole 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. Oriole Company Balance Sheet December 30, 2022 Current assets Cash $26,200 Accounts receivable 27.100 Prepaid insurance 6,100 $59.400 Equipment (net) 201.400 Total assets $260.800 Current liabilities $ 21,000 12.000 $33,000 Accounts payable Salaries and wages payable Long-term liabilities Notes payable 76.400 Total liabilities 109,400 6,100 $ 59,400 Prepaid insurance Equipment (net) 201,400 Total assets $260,800 Current liabilities $ 21,000 Accounts payable Salaries and wages payable 12.000 $ 33,000 Long-term liabilities Notes payable 76,400 Total liabilities 109.400 Stockholders' equity Common stock 100.000 Retained earnings 51 400 151,400 Total liabilities and stockholders equity $260.800 (b) (b) Based on the results in (a), the CFO requested that $21,000 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, e3.0.7: 1.) :1 Current ratio Worlung capital $