Current Attempt in Progress

Sheridan Co$.$ is being sued for illness caused to local residents as a result of negligence on the company's part in permitting the

residents to be exposed to highly toxic chemicals from its plant. Sheridan's lawyer states that it is probable that Sheridan will lose the

suit and be found liable for a judgment costing Sheridan any where from $$1820000$ to $$8970000.$ However, the lawyer states that th

most probable cost is $$5400000.$ As a result of the above facts, Sheridanshould accrue

a loss contingency of $$5400000$ and disclose an additional contingency of up to $$3570000.$

a loss contingency of $$5400000$ but not disclose any additional contingency.

a loss contingency of $$1820000$ and disclose an additional contingency of up to $$7150000.$

no loss contingency but disclose a contingency of $$1820000$ to $$8970000.$