Donnelly, Inc. is assessing a contingent liability that may result from a lawsuit in which it is involved. Donnelly's lawyers have assessed that a loss from this lawsuit is probable; however they cannot yet estimate the amount of this loss. Based on this information, and Generally Accepted Accounting Principles, how should Donnelly treat this contingent liability in its year-end financial statements? O It should record a liability in the accounts and notes of the financial statements. O It should disclose this case in the notes to the financial statements only. O It should not mention this case at all until a final settlement is reached. 0 It should wait until all potential appeals are made to mention this case