In 2016 a company has received a claim for damaged goods from a customer. The companys legal advisors have advised that about $80 000 will be needed to settle the claim.

In 2017 the claim is still not settled and the lawyers advise that $75 000 could be needed to settle the claim.

In 2018 the dispute is still not finalized and the lawyers estimate that $90 000 would be required to settle the claim.

The claim is finally settled in 2019 by payment of $100 000.

Required: Show the journal entries for these transactions