The following amounts were reported on the December 31, 2019, balance sheet: Cash Accounts receivable Common stock Wages payable Retained earnings Land Accounts payable Bonds payable Merchandise inventory Buildings and equipment, net of accumulated depreciation $ 18,000 49,500 90,000 11,250 180,000 45,000 28,950 268,440 61,140 405,000 Required: a. Calculate working capital at December 31, 2019. b. Calculate the current ratio at December 31, 2019. (Round your answer to 1 decimal place.) c. Calculate the acid-test ratio at December 31, 2019. (Round your answer to 1 decimal place.)