indicate the proper accounting treatment for each of the independent situations listed in the table below relating to ingent liabilities of the JIS Machinery Co. Assume all amounts are material and the situation occurred in year 1. in column B, indicate whether an accrual is required for the situation by double-clicking a shaded cell and selecting a in column C, enter the amount of the accrual, if any. If no accrual is required, enter a zero (0). ves or no answer in column D, indicate whether a disclosure is required by double-clicking a shaded cell and selecting a yes or no ation company has been sued injury, and legal counsel Accrual required for year 1? Amount of accrual for year 1? Note disclosure required for year 1? for $2 million as a result of has advised that the probability is remote that the will lose the case for $1.5 million as a result of an i property case. The company will lose the case The company has been sued for $1.5 million as a result of intellectual property infringement case. The ttorney has advised that it is teasonably possible that it will lose the case and incur a s of between $200,000 and $500,000 company has been fined $900,000 by the government e of clean air violations. The company has ealed and legal counsel has estimated that it is probable that the fine will be uced to an amount between $200,000 and $500,000, but no specific amount in the range can be judged as the best estimate $500,000, but no specific amount in the range can be judged as the best estimate A competitor has sued the company for $4.5 million as a result of predatory pricing and the company's attorney has advised that it is probable that the company will lose, but the amount of the loss cannot be sonably estimated The company has sued a petitor for $3 million as a result of a patent infringement, and the company's attorney has advised that it is probable that the company will prevail with a judgement of between $500,00 and $1 million