HiArch Products, Inc. is the subject of a class action lawsuit involving one of its products sold in retail stores over the past five years. HiArch's attortney has stated that there is a 90% probability that HiArch will lose the case. The attorney has estimated damages in the range of $10,000,000 to $20,000,000 with no amount in that range being more likely than any other. What journal entry should HiArch make as a result of the litigation?

Debit Litigation Expense $9,000,000; Credit Litigation Liability $9,000,000

Debit Litigation Expense $10,000,000; Credit Litigation Liability $10,000,000

Debit Litigation Expense $15,000,000; Credit Litigation Liability $15,000,000

Debit Litigation Expense $18,000,000; Credit Litigation Liability $18,000,000