8. Bcite Corp. had the following liabilities at December 31, Year 6: $ 55,000 400,000 35,000 450,000 25,000 1,000,000 Accounts payable Unsecured notes, 8%, due 7/1/Year 7 Accrued expenses Contingent liability Deferred income tax liability Senior bonds, 7%, due 3/31/Year 7 The contingent liability is an accrual for possible losses on a $1 million lawsuit filed against Rcite. Rite's legal counsel expects the suit to be settled in Year 8 and has estimated that Bcite will be liable for damages in the range of $450,000 to $750,000. The deferred income tax liability is not related to an asset for financial reporting and is expected to reverse in Year 8. What amount should Rdite report in its December 31, Year 6, balance sheet for current liabilities