8. A customer has initiated a lawsuit against an Entity ABC Limited associated with personal injury when using one of the entitys products. The entitys lawyers estimate from experience that at the reporting date (31 December 2017) the entity has a 30 percent chance of being ordered to pay the customer compensation of $2 million and a 70 percent chance of being ordered to pay compensation of $300,000. The ruling is expected to take place in two years time. Discuss how ABC Limited should treat this case in their financials. (3 marks)