During 2021, Smith Company filed suit against West Company seeking damages for patent infringement. In Smith's December 31, 2021 financial statements, how should this be reported? The choices are: a. Accrue and disclose b. Disclose only c. Accrue only d. Neither accrue nor disclose Assume the following independent cases: 1. It is virtually certain that S mith would be successful against West for an estimated amount of 91,500,000 2. It is probable that Smith would be successful against West for an estimated amount of 91,500,000. 3. It is probable that Smith would be successful against West for an estimated amount of 11,500,000. Before the financial statement was issued, Smith was awarded 1,000,000 and received full payment thereof. 4. It is probable that Smith would be successful against West for an estimated amount of 11,500,000. After the financial statement was issued, Smith was awarded 1,000,000 and received full payment thereof. 5. During the year 2021 , Smith won a litigation award for 91,500,000 which was tripled to 94,500,000 to include punitive damages. The defendant, who is financially stable, has appealed only the 93,000,000 punitive damages. Counsel is unable to estimate the outcome of this appeal. 6. It is reasonably possible that Smith would be successful against West for an estimated amount of 11,500,000