Which of the following contingent situations would the company have to record as a Kability? It is probable and can be estimated. It is probable but cannot be estimated. It is reasonably possible and can be estimated. It is reasonably possible and cannot be estimated. Question 2 0.2 pts Current assets $210,000 Total assets - $900,000 Current liabilities - $75.000 Total Habilities $500,000 What is the current ratio (carry out to one decimal place)? Questions 0.2 pts On December 1, Casino Crulse Lines borrows $1,000,000 from Bank of America signing a 6 month. 5% note. Principal and Interest is payable at maturity on May 31. On May 31 when the company pays the bank back, how much will the company record as Interest expense? $25,000 $20,633 $4.167