Question: Current Attempt in Progress Culver Models has the following account balances at December 31, 2024: Notes payable ($67,000 due after Dec. 31, 2025) $112,000 Unearned

Current Attempt in Progress Culver Models has the following account balances at December 31, 2024: Notes payable ($67,000 due after Dec. 31, 2025) $112,000 Unearned revenue 78,000 Mortgage payable ($101,000 due in 2025) 280,000 Salaries payable 36,000 Accounts payable 71,000 In addition, Culver is involved in a lawsuit. Legal counsel feels it is probable Culver will pay damages of $28,000 in 2025. Culver records contingent liabilities in the account Litigation Liability. Prepare the current liabilities section of Culver's December 31, 2024, balance sheet.\f

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