1 Cauce Corporation is preparing its year-end balance sheet. The company records show the following selected amounts at the end of the year: Total assets Total noncurrent assets Liabilities: Notes payable (88, due in 5 years) Accounts payable Income taxes payable Liability for withholding taxes Rent revenue collected in advance Bonds payable (due in 15 years) Property taxes payable Wages payable Note payable (10%, due in 6 months) Interest payable Common stock Required: $ 620,000 302,000 23,000 55,000 14,000 3,000 8,000 97,000 8,000 4,000 13,000 400 120,000 1-a. What is the amount of current liabilities? 1-b. Compute working capital. 2. Would your computation be different if the company reported $280,000 worth of contingent liabilities in the notes to its financial statements? Complete this question by entering your answers in the tabs below. Required 1a Required 1b Required 2