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Bridgeport Models has the following account balances at December 31,2024: In addition, Bridgeport is involved in a lawsuit. Legal counsel feels it is probable Bridgeport will pay damages of $20,000 in 2025 . Bridgeport records contingent liabilities in the account Litigation Liability. Prepare the current liabilities section of Bridgeport's December 31,2024, balance sheet. Question 8 of 8 BRIDGEPORT MODELS (Partial) Balance Sheet $

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