The following amounts were reported on the December 31, 2019, balance sheet:

Cash	$	50,000
Accounts receivable		137,500
Common stock		250,000
Wages payable		31,250
Retained earnings		500,000
Land		125,000
Accounts payable		12,150
Bonds payable		734,360
Merchandise inventory		90,260
Buildings and equipment, net of accumulated depreciation		1,125,000

Required:

Calculate working capital at December 31, 2019.

Calculate the current ratio at December 31, 2019. (Round your answer to 1 decimal place.)

Calculate the acid-test ratio at December 31, 2019. (Round your answer to 1 decimal place.)