Exercise $13-12($Static$)$ Analyzing effect of transactions on current ratio LO P$3$

On January $1,5$G Company reported current assets of $$72,000$ and current liabilities of $$60,000.$ Compute total current assets, tot current liabilities, and the current ratio at January $1$ and after each of the following transactions.

Note: Round current ratio to two decimal places. Amounts to be deducted should be indicated with a minus sign.

January $5$ Purchased equipment to be used in operations for $$18,000$ cash.

January $12$ Paid $$5,000$ cash for accounts payable.

January $18$ Acquired a building in exchange for a $$99,000$ long$-$term note payable, first payment to occur in $3$ years.

January $22$ Purchased $$12,000$ of merchandise on credit, terms $\frac{n}{45}.$

January $31$ sold outdated machinery for $$12,700$ cash.

$\backslash$table$[[$Date$,$Current Assets,Current Liabilities,Current Ratio$],[$January $1,,,],[$January $5,,,],[$Balance$,$ January $5,,,],[$January $12,,,],[$Balance$,$ January $12,,,],[$January $18,,,],[$Balance$,$ January $18,,,],[$January $22,,,],[$Balance$,$ January $22,,,],[$January $31,,,]]$