1. Below is a list of independent situations: A customer, John Doe, of Winkler Enterprises has sued for negligence in the amount of $500,000. Winkler's lawyers have advised that it is probable that the company will lose the case but could settle out of court for $250,000. 2. An employee who was fired has filed a law suit against Gunderson Industries for wrongful dismissal. Lawyers are defending the company but the outcome is uncertain 3. Appliance Central manufactures and sells its over-the-range microwave with a 2-year warranty. In 2018 the company sold $1,100 microwaves and based on history estimate an average of $40/microwave for warranty repairs. Arnprior Inc. has a year-end of October 31, 2018 and prepares and reports its financial statements on a quarterly-basis. On November 5, 2018 the company's manufacturing plant had a fire destroying a substantial portion of the site. Instructions Discuss the type of liability, if any, and the way in which each should be treated/recorded under IFRS. (You will be marked based on accuracy of your response.) 4