nts total). Fast and Friendly Urgent Care Services operates walk in urgent care clinics in several locations. At the end of the year, the company's attorney provides you with information concerning the pending litigation. There are three pending cases as described below. For each of the cases indicate: The amount (if any) that should be accrued as of the end of the current year, and The location, content, and amounts (if any) that require financial statement disclosure. For example, the disclosure may be required on the face of the statements or in the footnotes, and the disclosure may (or may not) include a description of the nature of the loss and the amount or range of possible amounts related to the case. Support your answers using the specific accounting principles and terminology for US GAAP for this area. a. b. c. Case 1. The company is being sued by a patient who suffered a serious stroke within 24 hours of being discharged with orders to rest and call if symptoms returned. The patient claims that the clinic should have seen the blood clot that caused the stroke, but they did not perform sufficient testing and missed the diagnosis. The patient is asking for $1,500,000 in compensatory damages. The company's attorney indicated that based on review of the medical records, the patient is likely to prevail and that the damage award is likely to be assessed. The company carries malpractice insurance, but it requires the company to pay the first $300,000 out of pocket. The case is likely to be settled within the next six months. Part a response Part b response: Part c support