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4 3.00 points Van Rushing Hunting Goods fiscal year ends on December 31. At the end of the 2016 fiscal year, the corripany had noles

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4 3.00 points Van Rushing Hunting Goods fiscal year ends on December 31. At the end of the 2016 fiscal year, the corripany had noles payable of $4.2 milliori due on February , 2017. Rushing sold 3.0 illioni shares of ils S 25 par, cammon stock an Febnuery, 2, tor 53 llnThe procees tom thst sale along whh $12 milion from the maturation of some 3 month COs were used to pay the notes payable on Februery 9 Through his attocy,one f Rushing's construction workers nolified management on January 5, 2017 that he planned to su the company tor $1 million related to a won,ste injury on December 20 2016 As ot Decernter 31, 2016, management had been unaware of trinjury but reached an egreement on February 732017 to settle the matter by paying me employees medcal hills ot sro 500 Rushing's financial statements were finalized on March 3, 2017 Required: 1. What aounifs) if any, related to the situations described should Rushing report among current liabilities in its balance sheet at Decernher 31, 20167 (Enter your answer in whole dollars.) 2 Whst amuns) t any, related to the stan descnhed shouid Rushing repart among long-iemm iabilities in its balance sheet at December 21, 2016? (Enter your answer in whole dollars.) 3-1. What amounis) if any, related to the siluations described should Rushing report among current liabilities in its balance sheet at Decembe 31, 201 if thesetlement agreement had cocured cn March 15, 2017, instead? (Enter your anewer in whole dollara.)

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