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 $15,000,000; Credit Litigation Liability $15,000,000
		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 $18,000,000; Credit Litigation Liability $18,000,000

Portland News Corp.sold 9,634 annual subscriptions to its new magazine on November 1, 2020 for $70 each. Monthly delivery of the magazine began with the December 2020 issue of the magazine. In other words, at December 31, 2020, one issue of the magazine had been delivered to subscribers. How much unearned revenue should Portland News Corp. report on its December 31, 2020 balance sheet? Please round your answer to the nearest dollar.