Flint Corp. is being sued for illness caused to local residents as a result of negligence on the company's part in permitting the local residents to be exposed to highly toxic chemicals. Flint's lawyer states that it is likely the corporation will lose the suit and be found liable for a judgement which may cost Flint anywhere from $327000 to $1635000. However, the lawyer states that the most likely cost is $981000. As a result of the above facts, using ASPE, Flint should accrue a loss contingency of $981000 and disclose an additional contingency of up to $654000. no loss contingency but disclose a contingency of $327000 to $1635000. a loss contingency of $327000 and disclose an additional contingency of up to $1308000. a loss contingency of $981000 but not disclose any additional contingency