22. 055 points Listed below are a few transactions and events of Melbourn Company 1. Melbourn Company guarantees the $100,000 debt of a supplier. The supplier will probably not default on the debt. 2. A disgruntled employee is suing Melbourn Company Legal advisers believe that the company will probably need to pay damages, but the amount cannot be reasonably estimated Indicate the proper financial reporting for each case Case Requires Adjusting entry only Adjusting entry with disclosure of contingent liability Disclosure of contingent liability only No adjusting entry or disclosure of contingent liability