JC Inc.'s audit firm is evaluating their estimate of contingencies at the end of year. 4 points DATA: Proable loss in the range of : Low Range There is a probable loss in the range of : $180,000 High Range $320,000 $225,000 $400,000 $150,000 There is a probable gain of Reasonably possible loss of: They co-signed a loan for their subsidiary of: Which of the following statements. is (are) correct? Select only true statements, incorrect choices are penalized. They should neither accrue or disclose the guarantee of the loan. "They should accrue and disclose the average of the PROBABLE loss of $250,000" "They should accrue and disclose the guarantee of the loan of $150,000" "They should accrue and disclose the REASONABLY possible loss of $400,000" "They should record and disclose the PROBABLE gain of $225,000" "They should accrue and disclose the low range of the PROBABLE loss of $180,000" "They should disclose "only" the REASONABLY possible loss of $400,000." "They should disclose "only"" the guarantee of the loan of $150,000." "They should disclose only the PROBABLE gain of $225,000." Save Ans