2. During a recent review, ABC Corporation discovered to problem. It is estimated that the impact associated with this proble likelihood is currently 5%. Two internal control procedures have been pre problem. Procedure A would cost $25,000 and reduce likelihood to 270 cost $30,000 and reduce likelihood to 1%. If both procedures were impleme would be reduced to .1% "poration discovered that it has a serious internal control ed with this problem is $1 million and that the dures have been proposed to deal with this e likelihood to 2%; procedure B would fures were implemented, likelihood A. What is the estimated expected loss associated with ABC mated expected loss associated with ABC Corporation's internal control problem before any new internal control procedures are implemented? B. Compute the revised estimate of expected loss if procedure A were implemented, procedure B were implemented, and if both procedures were implemented. C. Compare the estimated costs and benefits of procedure A, procedure B, and both procedures combined. If you consider only the estimates of cost and benefit, which procedures should be implemented