Huprey Co. is the defenciant in the following legal caims. For each of the following claims, indicate whether I luprey should (a) record a liability. (b) disclose in notes.or (q have no disclosure. 1. It is reasonably possible that Huprey will lose a pending lawsuit Huprey and its lawyers cannot estimate what the damages will be if It loses O Disclose in notes No disclosure O Record a liability 2. Huprey is very unlikely to lose a pending lawsuit. Huprey cannot reasonably estimate the amount of damages to be paid in it loses the lawsuit Disclose in notes O No disclosure Record a liability 3. Huprey is very likely to lose a pending lawsuit. It reasonably estimates that damages paid will be $1070,000 Disclose in notes No disclosure