2. 1.00 points Consultants notified management of Goo Goo Baby Products that a crib toy poses a potential health hazard. Counsel indicated that a product recall is probable and is estimated to cost the compary $32 million. How will this affect the company's income statement and balance sheet this period? (Enter your answers in millions rounded to 1 decimal place (i.e., 1,200,000 should be entered as 1.2)) ncome statement Balance sheet References Book & Resources Worksheet Learning Objective: 13-05 Identify situations hat constute contingencies and the circumstances under which they should be Difficulty: 2 Medium Learning Objective: 13-06 Demonstrate the treatment for 3 2 8 4