1. Compute the amount of current liabilities

2 compute working capital

3. Would your computations be different if the company reported $270,000 worth of contingesf liabilities in the jktes to its financial statement? (Y/N)

Cauce Corporation is preparing its year-end balance sheet. The company records show the following selected amounts at the end of the year: 1-a. What is the amount of current liabilities? 1-b. Compute working capital. 2. Would your computation be different if the company reported $270,000 worth of contingent liabilities in the notes to its financial statements? Complete this question by entering your answers in the tabs below. What is the amount of current liabilities