Gurrent Attempt in Progress On February 5 , year 3 , an emplovee filed a $2,000,000 lawsuit apainst Steel Co, for damages suffered vihen one of Steel's plants exploded on December 29 year 2 . Steel's lezal counsel expects the company will lose the lawsuit and estimates the loss to be between $500,000 and $1,000,000. The employee has offered to settle the limsuit out of court for $900,000 but Steet will not agree to the settlement in its December 31 year 2 balance sheet what amount should steel report as flability tromiawsulk? $1.000.000 $500000 $900000 $2,000,000 Gurrent Attempt in Progress On February 5 , year 3 , an emplovee filed a $2,000,000 lawsuit apainst Steel Co, for damages suffered vihen one of Steel's plants exploded on December 29 year 2 . Steel's lezal counsel expects the company will lose the lawsuit and estimates the loss to be between $500,000 and $1,000,000. The employee has offered to settle the limsuit out of court for $900,000 but Steet will not agree to the settlement in its December 31 year 2 balance sheet what amount should steel report as flability tromiawsulk? $1.000.000 $500000 $900000 $2,000,000