Atlanta Corp. is preparing its 2020 financial statements (December 31 year-end) and is considering the following events:

a. Probable warranty costs on the company's products are estimated to be \(1 \%\) of sales. The warranties are considered assurance-type warranties.

b. One of its manufacturing plants is located in a foreign country. There is a threat of expropriation of this plant. The threat of expropriation is deemed to be reasonably possible. Any compensation from the foreign government would be less than the carrying amount of the plant.

c. It is highly probable that the company will be awarded damages next year as a result of a lawsuit filed this year against a competitor.

d. Potential costs due to the discovery of a safety hazard related to one of its products are considered probable and can be reasonably estimated.

e. Potential costs are due to the discovery of a possible product defect related to one of its products. These costs are reasonably possible and can be reasonably estimated.

f. The closure and removal in 20 years of a storage tank used in the company's technology center is estimated to cost \(\$ 2\) million. The present value of this amount at the company's \(7 \%\) discount rate is \(\$ 516,838\).

g. The company is under investigation by the Department of Labor related to its health care plan. Management believes it is probable that the company will receive an assessment and as a result, it is probable that the company will owe an amount totaling between \(\$ 10,000\) and \(\$ 20,000\).

h. The company is under investigation by the Department of Labor related to its health care plan. Management believes it is reasonably possible that the company will receive an assessment and as a result, it is probable that the company will owe an amount totaling between \(\$ 10,000\) and \(\$ 20,000\).

Required 

For each item listed above, indicate whether the company should record a journal entry or make a disclosure in its 2020 financial statements.