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Lisbilities will decrease by $6,200. Expenses will increase by $8,780. Expenser will increase by $6,260 Assets wid decrease by $2520. Liabilities will decrease by $8,780 Burger Barn has been named as a piaintiff in a $5 million lawsuit filed by a customer over the addictive nature of the company's french fries. Burger Bare's attorneys haye advised them that the likelihood of a future obligation from the suit is possible. As a result of the lawsuit, Burger Barn should: Recognize a $5 million fiability on its balance sheet for the contingency. Seftle with the customer immediately for $5 million to avoid harmful publicity. Ignore the lawsuit in its financial statements. Disclose the lawsult in the notes to the financial statements. fhe following represents the impact of a taxable cash sale of $1,500 on the accounting equation if the sales tax rate is 6% ? increase to cash for $1,590, an increase to sales tax payable for $90, and an increase to sales revenue for $1.500