The following amounts were reported on the December 31, 2022, balance sheet:

Cash: $38,000

Accounts receivable: $104,500

Common stock: $190,000

Wages payable: $23,740

Retained earnings: $380,000

Land: $95,000

Accounts payable: $18,450

Bonds payable: $557,240

Merchandise inventory: $76,940

Buildings, equipment, net of accumulated depreciation: $855,000

Required:

A. Calculate working capital at December 31, 2022.

B. Calculate the current ratio at December 31, 2022. (Note: round your answer to one decimal place)

C. Calculate the acid test ratio at December 31, 2022. (Note: round your answer to one decimal place)