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Van Rushing Hunting Goods' fiscal year ends on December 31. At the end of the 2021 fiscal year, the company had notes payable of $20.0

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Van Rushing Hunting Goods' fiscal year ends on December 31. At the end of the 2021 fiscal year, the company had notes payable of $20.0 million due on February 8, 2022. Rushing sold 5.5 million shares of its $0.25 par, common stock on February 3, 2022 for $16.5 million. The proceeds from that sale along with $3,5 million from the maturation of some 3-month CDs were used to pay the notes payable on February 8 Through his attomey, one of Rushing's construction workers notified management on January 5, 2022, that he planned to sue the company for $1 million related to a work-site injury on December 20 2021 As of December 31 , 2021, management had been unaware of the Injury, but reached an agreement on February 23, 2022, to settle the matter by paying the employee's medical bills of $84,500 Rushing's financial statements were finalized on March 3, 2022 Required: 1. What amounts) if any related to the situations described should Rushing report among current Habilities in its balance sheet at December 31, 2021 2. What amounts) If any related to the situations described should Rushing report among long-term liabilities in its balance sheet at December 31, 20212 3. Assume that as of March 3, management does not think it is probable that it will suffer a material loss because of the injury. What amounts if any.related to the situations described should Rushing report among current liabilities and long term labies in its balance sheet at December 31, 2021 if the settlement agreement had occurred on March 15, 2022. Instead? 4. What amounts if any related to the situations described should Rushing teport among current liabilitles and long-term liabilities in Its balance sheet at December 31, 2021 if the work site injury had occurred on January 3 2022. instead? (For all requirements, enter your answers in whole dollars.) curent Sality 2 Long-term liability 3 Qurrent liability Long ten by Cuacable Longo hy

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