The following information is taken from the balance sheet of Menendez Company on January 1, Year 1: Current Assets $9,000 Current Liabilities $3,500 Equipment 29,000 Long-term Liabilities 19,000 Land 21,000 Common Stock 36,500 Total Assets $59,000 Total Liabilities & Stockholders Equity $59,000 On January 2, Year 1, the company recorded the following transaction: Account Title Debit Credit Accounts receivable 12,000 Service revenue 12,000 How will this transaction affect the current ratio