elok Print 1 cele Maked out Hace Liabilities on the Balance Sheet For each of the following situations, indicate the amount show as a liability on the balance sheet or kam, wc, December 1 a. Kate has accounts payable of $110,000 for merchandise Included in the year end ventory110.000 b, Kane agreed to purchase a $28,000 drill press in the following panuary 28 During November and Decumber of the current year, Kane sold products to a firm and guaranteed them against product failure for 90 days. Estimated costs of honoring this provision next year ane 12,200. 1 d on December 15. kane declared a $70.000 cash dividend payable on January 15 of the following year to shareholders of record on December als Kane provides a profit sharing bonus for its executives equal to five percent of the reported before tax income for the current year. The estimated before tax income for the current year is $600,000 $ Check Next Save Answers