E9-1 (Algo) Identifying Current Liabilities, Computing Working Capital, and Explaining Working Capital LO 91,94,95 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? 2. Would your computation be different if the company reported $300,000 worth of contingent liabilities in the notes to its financial 1-b. Compute working capital. statements? Complete this question by entering your answers in the tabs below. What is the amount of current liabilities