The following errors have been discovered in the corporation's accounting: 1. January 2024 cash disbursements that were entered as at December 2023 included payments of accounts payable in the amount of $45,000. 2. The inventory balance is based on an inventory count that included $29,000 of merchandise that was received at December 31 but with no purchase invoices received or entered. Of this amount, $18,000 was received on consignment; the remainder was purchased f.o.b. destination. 3. Sales for the first four days of January 2024 in the amount of $35,000 were entered in the sales book as at December 31 , 2023. Of these, $26,500 were sales on account and the remainder were cash sales. 4. Cash, not including cash sales, collected in January 2024 and entered as at December 31, 2023, totalled $40,324. Of this amount, \$24,598 was received on account; the remainder was proceeds on a bank loan. (The amount owed to the bank for January 2024 was included as part of the Notes Payable account.) BRIDGEPORT CORP. Partial Statement of Financial Position December 31,2023 rrent Assets ash \begin{tabular}{l} \hline ccounts Receivable \\ iss v: Allowance for Expected Credit Losses \end{tabular} \( \$ \longdiv { \square } 9 7 0 9 8 \) \begin{tabular}{l} ventory \\ epaid Expenses \\ al Current Assets \\ \hline \end{tabular} rrent Liabilities ccounts Payable Calculate the current ratio before and after the corrections prepared in part (a). (Round answers to 2 decimal ploces, es. 52.75