12. Reeves Co. filed suit against Higgins, Inc., seeking damages for copyright violations. Higgins' legal counsel believes it is probable that Higgins will settle the lawsuit for an estimated amount in the range of $100,000 to $200,000, with all amounts in the range considered equally likely. How should Higgins report this litigation 3 points Put an X in the appropriate box Record a liability Disclose Disclose only Do nothing Amount to disclose 13. Reeves Co, filed suit against Higgins, Inc., seeking damages for copyright violations. Higgins' legal counsel believes it is reasonably possible that Higgins will settle the lawsuit for an estimated amount of $150,000. How should Higgins report this litigation 2 points Put an X in the appropriate box Record a liability Disclose Disclose only Do nothing Amount to disclose