1) Salman owns JustMeat&Fish Co. which supplies meat and fish to restaurants in Lahore. In August, 2020 he supplied the restaurants with some fish and now he has found out that some customers suffered severe food poisoning. The restaurants are claiming that it is because of the quality of the fish and they have commenced a legal action against him. Javed a specialist lawyer has advised Salman that he has a 42% chance of losing the case and he will have to probably pay Rs500,000/- to settle the liability. a) What is the nature of Salman's liability, if any, and how should it be treated in his company's financial statements year ended 31st September 2020. (2 mark) b) If the chance of Salman losing was 60% how will that be reflected in the financial statements? (1 mark)