Blossom SA, in preparation of its December 31, 2022, financial statements, is attempting to determine the proper accounting treatment for each of the following situations.

1.		As a result of uninsured accidents during the year, personal injury suits for 336,000 and 57,600 have been filed against the company. It is the judgment of Blossoms legal counsel that an unfavorable outcome is unlikely in the 57,600 case but that an unfavorable verdict approximating 240,000 will probably result in the 336,000 case.
2.		Blossom owns a subsidiary in a foreign country that has a book value of 5,496,000 and an estimated fair value of 9,120,000. The foreign government has communicated to Blossom its intention to expropriate the assets and business of all foreign investors. On the basis of settlements other firms have received from this same country, it is virtually certain that Blossom will receive 40% of the fair value of its properties as final settlement.
3.		Blossoms chemical product division, consisting of five plants is uninsurable because of the special risk of injury to employees and losses due to fire and explosion. The year 2022 is considered one of the safest (luckiest) in the divisions history because no loss due to injury or casualty was suffered. Having suffered an average of three casualties a year during the rest of the past decade (ranging from 57,600 to 672,000), management is certain that next year the company will probably not be so fortunate.
4.		Blossom operates profitably from a factory it has leased. During 2022, Blossom decides to relocate these operations to a new factory. The lease of the old factory continues for the next 5 years. The lease cannot be cancelled and the factory cannot be subleased. Blossom determines that the cost to settle the old lease is 912,000.
5.		Litigation is being pursued for the recovery of 1,248,000 consulting fees on a failed project. The directors believe it is more likely than not that their claim will be successful. (a) Prepare the journal entries that should be recorded as of December 31, 2022, to recognize each of the situations above.