help me answer this question with showing your calculations. please dont answer in cursive

Application Problem 9-10A Dividend Aristocrat Inc. (DA) borrowed $191,000 from Grow Business Bank to finance the purchase of equipment costing $143,250 and to provide $47,750 in cash. The legal documentation states that the loan matures in 20 vears, and the principal is to be paid in annual instalments of $9,550. The terms of the loan also indicate that DA must maintain a current ratio of 1.25 and cannot pay dividends that will reduce retained earnings below $102,000. The 2020 year-end statement of financial position, immediately prior to the bank loan and the purchase of equipment., follows: $82,000 Current liabilities Current assets $106,600 Long-term liabilities 191,000 399,400 Non-current assets 107,000 Common shares Retained earnings 126,000 Total liabilities and shareholders' equity $506,000 Total assets $506,000 Prepare the following statement of financial position assuming the maximum divided is declared and paid Current Lisbilties Current Assets Non-current Assets Long-term Liabilities Common Shares Retained Earnings Total Liabilities and Shareholder's Equity Total Assets Calculate the current ratio using the updated statement of financial position. (Round answer to 2 decimal places, e.g. 7.25.) Current Ratio