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15. A suit for breach of contract seeking damages of 54,800,000 was filed by an author against ABC Co. on October 1, 2020. ABC's legal

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15. A suit for breach of contract seeking damages of 54,800,000 was filed by an author against ABC Co. on October 1, 2020. ABC's legal counsel believes that an unfavorable outcome is probable. A reasonable estimate of the award to the plaintiff is between $1,200,000 and $3,600,000. No amount within this range is a better estimate of potential damages than any other amount Give the rationale for your answers. (3 Points)

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