If you identify the liability as contingent in part (a), indicate if it should be recorded, disclosed, or neither recorded nor disclosed in the financial statements. 1. An automobile company recalled a particular car model because of a possible Neither recorded nor disclosed + problem with the brakes. The company will pay to replace the brakes. 2. A large retail store has a policy of refunding purchases to dissatisfied Neither recorded nor disclosed + customers under a widely advertised "money-back, no questions asked" guarantee. 3. A manufacturer offers a three-year warranty at the time of sale. Neither recorded nor disclosed + 4. To promote sales, a company offers prizes (such as a chance to win a trip) in Neither recorded nor disclosed return for a specific type of bottle cap. 5. A local community has filed suit against a chemical company for contamination Disclosed of drinking water. The community is demanding compensation, and the amount is uncertain. The company is vigorously defending itself