Analyzing Contingencies Boton Corporation is a developer and manufacturer of medical devices that are used in a broad range of interventional medical specialties. In its recent financial statements, the company reported the following regarding its legal expense accrual. Note K: Commitments and Contingencies (excerpt) Our accrual for legal matters that are probable and estimable was $5.808 billion as of December 31, 2020 and $4.731 billion as of December 31, 2019, and includes certain estimated settlement costs. Required a. Record the entry for Boton Corporation for the accrual of legal expense on December 31, 2020. Assume that no settlement payments were made in 2020. b. If legal matters unresolved at the end of 2020 were settled in 2021 for $5.208 billion, record the related entry. What impact would this settlement have on the 2020 financial statements? Note: If a line in a journal entry isn't required for the transaction, select "N/A" as the account names and leave the Dr. and Cr. answers blank (zero). Note: List multiple debits or credits (when applicable) in alphabetical order. Note: Enter answers in millions (ex: $1.5 billion equals $1,500 in millions). Date Account Name Dr. Cr. a. Dec. 31, 2020 Loss on Litigation Settlement " 0 b. 2021 Estimated Litigation Liability Estimated Litigation Liability Gain on Litigation Settlement Cash 0 0 = 0 0 " 0 0 " 0 0 c. Impact on 2020 financial statements Please answer all parts of the