During 2020 Walker Corp was sued by a competitor for patent infringement. While the litigation started in December of 2020, the case is not expected to be settled until 2021, At December 31, 2020 Walker's attorneys felt it was probable that Walker would lose the lawsuit and the amount of the loss could range from $1 million to $2.5 million Given this information Walker should O Recognize a 51.5 million loss in the financial statements in 2020, Recognize a 91 million toss in the financial statements in 2020, O Dildose an expected loss in the footnotes to the financial statements in 2020 Recognize a $2.5 million foss in the financial statements in 2020 Not recognize or disclose the loss in 2020