The following are financial statements of Cullumber Company. CullumberCompany Income Statement For the Year Ended December 31, 2022 Net sales $2,230,000 Cost of goods sold 1,025,300 Selling and administrative expenses 918,000 Interest expense 91,900 Income tax expense Net income 70,940 $123,860 CullumberCompany Balance Sheet December 31, 2022 Assets Current assets Cash $71,916 Debt investments 85,940 Accounts receivable (net) 179,900 Inventory 163,700 Total current assets 501,456 Plant assets (net) 588,200 Total assets $1,089,656 Liabilities and Stockholders' Equity Current liabilities Accounts payable $171,500 Income taxes payable 37,440 Total current liabilities 208,940 Bonds payable 210.100 Total liabilities 419,040 Stockholders' equity Common stock 362,900 Retained earnings 307,716 Total stockholders' equity 670,616 Total liabilities and stockholders' equity $1,089,656 (a) Compute the following values and ratios for 2022. (We provide the results from 2021 for comparative purposes.) (Round Current Ratio to 2 decimal places, e.g. 15.25 and Debt to assets ratio to 1 decimal place, e.g. 78.9%.) 1. Working capital. (2021: $160,500) $ 2. Current ratio. (2021: 1.65:1) 3. Debt to assets ratio. (2021: 31.0%) eTextbook and Media eTextbook :1 % Assistance Used