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Prepare current liabilities section and compute liquidity measures. Medlen Company, has the following account balances at December 31, 2017. In addition, Medlen is involved in

Prepare current liabilities section and compute liquidity measures. Medlen Company, has the following account balances at December 31, 2017. In addition, Medlen is involved in a lawsuit. Legal counsel feels it is probable Medlen will pay damages of $25,000 in 2018. Prepare the current liabilities section of Medlen's December 31, 2017, balance sheet. Medlen's current assets are $570,000. Compute Medlen's working capital and current ratio

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