1. In May 2008 Caso Co. filed suit against Wayne, Inc. seeking $1,900,000 in damages for patent infringement. A court veredict in November 2011, awarded Caso $1,500,000 in damamges, but Wayne's appeal is not expected to be decided before 2013. Caso's counsel believes it is probable that Caso will be sucessful against Wayne for an estimated amount in the range between $800,000 and $1,000,000 considered the most likely amount. What amount should Caso record as income from the lawsuit in the year ended December 31, 2011? a. 0 b. $800,000 c. $1,000,000 d. $1,500,000 2. In December 2011, Mill Co. begain including one coupon in each package of candy that it sells and offering a tory in exchange for 50 cents and five coupons. The toys cost Mill 80 cents each. Eventually 60% of the coupons will be redeemed. During December, Mill sold 110,000 packages of candy and no coupons were redeemed,. In its December 31, 2011 balance sheet, what amount should Mill report as estimated liability for coupons? a. $3,960 b. $10,560 c. $19,800 d. $52,800