Brief Exercise 13-11 Monty Company recently was sued by a competitor for patent infringement. Attorneys have determined that it is probable that Monty will lose the case and that a reasonable estimate of damages to be paid by Monty is $300,800. In light of this case, Monty is considering establishing a $109,100 self-insurance allowance. What entry, if any, should Monty record to recognize this loss contingency? (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Click if you would like to Show Work for this question: Open Show Work