Jenny's Company is in a lawsuit with its competitor for copyright infringement. Jenny's Company believes it is probable that it will lose the case and have to pay $4,000,000 in damages. How would this fact be reported in Jenny's company's financial statements issued for the current period? (Check all that apply) $4.000.000 in Contingent Gain Jenny's company will only disclose the loss contingency in the footnote section. No journal entry is recorded for the $4,000,000 this period. $4,000,000 decrease to net income $4,000,000 in Long Term Assets D$4,000,000 in Contingent Liability