Huprey Company is the defendant in the following legal claims. For each of the following separate claims, indicate whether Huprey

should $($a$)$ record a liability, $($b$)$ disclose in notes, or $($c$)$ have no disclosure.

Huprey faces the possibility of a loss on a pending lawsuit. It is reasonably possible that Huprey could be required to pay damages. However, it cannot

estimate amounts owed.

Huprey is very likely to lose a pending lawsuit. It reasonably estimates that damages paid will be $$1,070,000.$

There is a remote $($unlikely$)$ chance Huprey will lose a pending lawsuit. The plaintiff is suing Huprey for $$5,000,000.$