Dusty Co. was sued in 2021 for an oil spill. Dusty's legal counsel indicates the company is likely to lose the lawsuit, costing it anywhere from $150,000 to $500,000. The most likely amount is $200,000. Using ASPE, how should Dusty Co. account for this event in 2021? Select one: Oa. Record a loss for $325,000 which is half way between the high and low amounts, and disclose the facts in notes to the financial statements. O b. Record a loss for $200,000 and disclose in the notes to the financial statements that the maximum loss could be $500,000. O c. Do not record a loss but disclose the maximum possible loss of $500,000 in the notes to the financial statements O d. Record a loss for $500,000 and disclose the facts in notes to the financial statements.