Huprey Co. is the defendant in the following legal claims. For each of the following claims, indicate whether Huprey should (a) record a liability. (b) disclose in notes, or (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 Disclose in notes No disclosure Record a liability 2. Huprey is very unlikely to lose a pending lawsuit. Huprey cannot reasonably estimate the amount of damages to be paid if it loses the lawsuit Disclose in notes. No disclosure Record a liability 3. Huprey is very likely to lose a pending lawsuit. It reasonably estimates that damages paid will be $1,070,000 Disclose in notes 2. Huprey is very unlikely to lose a pending lawsuit. Huprey cannot reasonably estimate the amount of damages to be paid if it loses the lawsuit Disclose in notes. No disclosure. Record a liability 3. Huprey is very likely to lose a pending lawsuit. It reasonably estimates that damages paid will be $1,070,000. Disclose in notes. No disclosure Record a liability