A lawsuit has been filed against Sunland Company for wrongful termination. Sunland's legal counsel had encouraged the company to settle because it is likely they will lose the case. The amount of the loss is estimated to be between $573000 and $1062000. Legal counsel believes that the case could be settled for $864000. Sunland should report a contingent liability for $864000. an estimated liability for $573000. a contingent loss of $1062000. no loss or liability until the case is settled