On May 20, 2018 a passenger was injured while disembarking one of the companys aeroplane. This was partially the result of his own negligence. The passenger sued Raleigh Airlines Ltd. for $1,000,000. Raleighs legal counsel believes it is possible but not probable that the outcome of the suit will be unfavourable and that the settlement would cost the company from $500,000 to $800,000. Discuss the proper accounting treatment, including any required disclosure for the situation. Give the rationale for your answer