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Required Information PA2-3 (Algo) Recording Transactions (in a Journal and T-Accounts); Preparing and Interpreting the Balance Sheet [LO 2-1, LO 2-2, LO 2-3, LO 2-4, LO 2-5] [The following information applies to the questions displayed below.] Julle's Allen Interiors Incorporated is a leading manufacturer and retaller of home furnishings in the United States and abroad. The following is adapted from Julle's Allen's June 30,2019 , trial balance. (The amounts shown represent millions of dollars.) Assume that the following events occurred in the following quarter. a. Paid $60 cash for additional inventory. b. Issued additional shares of common stock for $25 in cash. c. Purchased equipment for $190; paid $90 in cash and signed a note to pay the remaining $100 in two years. d. Signed a short-term note to borrow $13 cash. e. Conducted negotiations to purchase a sawmill, which is expected to cost $34. A2-3 (Algo) Part 1 quired: . Calculate Julle's Allen's current ratio at June 30, 2019, prior to the transactions listed above. (Round your answer to 2 decir places.) Assume that the following events occurred in the following quarter. a. Paid $60 cash for additional inventory. b. Issued additional shares of common stock for $25 in cash. c. Purchased equipment for $190; paid $90 in cash and signed a note to pay the remaining $100 in two d. Signed a short-term note to borrow $13 cash. e. Conducted negotiations to purchase a sawmill, which is expected to cost $34. PA2-3 (Algo) Part 1 Required: 1-a. Calculate Julie's Allen's current ratio at June 30, 2019, prior to the transactions listed above. (Round your a places.) -b. Based on the above calculation and analysis of Noodlecake's current ratio 4.73 , indicate which company is pay liabilities as they come due in the next year. Julle's Allen Noodlecake