On 20 June 2021, a company is sued for negligence in workplace safety, which resulted in severe injuries to its employees. Court ruling is due in six months. The company expects to pay $1.2 million to settle the liability. In the company's financial statements for the fiscal year ended 30 June 2021: O a. a current liability of $1.2 million in relation to the lawsuit should be recognized. O b. no liability in relation to the lawsuit should be recognized. O c. a noncurrent liability of $1.2 million in relation to the lawsuit should be recognized. O d. a legal expense of $1.2 million in relation to the lawsuit should be recognized