Mississippi Cruise Lines is a defendant in litigation involving a swimming accident on one of its three cruise ships. Required: 1. The likelihood of a payment occurring is probable, and the estimated amount is $1.19 million. 3. The likelihood of a payment occurring is reasonably possible, and the estimated amount is $1.19 million. 4. The likelihood of a payment occurring is remote, while the estimated potential amount is $1.19 million. Record the necessary entry for the scenarlos given above. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account fleid. Enter your answers in dollars, not in millions. For example, $5.5 million should be entered as 5,500,000.) Journal entry worksheet (1) 4. Record the contingent liability, If necessary, If the likelihood of a payment occurring is reasonably possible, and the estimated amount is $1.19 million. Journal entry worksheet 1 Record the contingent liability, if necessary, if the likelihood of a payment occurring is remote, while the estimated potential amount is $1.19 million. Note: Enter debits before credits