E9-1 (Algo) Identifying Current Liabilities, Computing Working Capital, and Explaining Working Capital LO 9-1, 9-4, 9-5 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 $280,00C worth of contingent liabilities in the notes to its financial statements? Required: 1-a. What is the amount of current liabilities? 1-b. Compute working capital. 2. Would your computation be different if the company its financial statements? Complete this question by entering your answers What is the amount of current liabilities? Required: 1-a. What is the amount of current liabilities? 1-b. Compute working capital. 2. Would your computation be different if the comp its financial statements? Complete this question by entering your answ Compute working capital. Complete this question by entering your answers in the tabs below. Would your computation be different if the company reported $310,000 worth of contingent liabilities in the notes to its financial statements