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Sarasota Models has the following account balances at December 31, 2024: In addition, Sarasota is involved in a lawsuit. Legal counsel feels it is probable

Sarasota Models has the following account balances at December 31, 2024: In addition, Sarasota is involved in a lawsuit. Legal counsel feels it is probable Sarasota will pay damages of $26,000 in 2025. Sarasota records contingent liabilities in the account Litigation Liability. Prepare the current liabilities section of Sarasota's December 31, 2024, balance sheet

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