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2. (20 points) Classify each of the following items as either: A. Estimated liability B. Contingent liability C. Known liability Put the letter of your

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2. (20 points) Classify each of the following items as either: A. Estimated liability B. Contingent liability C. Known liability Put the letter of your answer on the line next to the term 1. Lawsuit against the company 2. Warranty on products sold this year 3. Accounts payable 4. Income taxes payable 5. Vacation benets 6. Accrued wages payable 7'. Debt guarantees 8. Sales taxes payable 9. Payroll taxes payable 10. Unearned revenues I ll

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