On October $1,2025,$ Jackson Chemical was identified as a potentially responsible party by the Environmental Protec Jackson's management along with its counsel have concluded that it is probable that Jackson will be responsible for c a reasonable estimate of these damages is $$5,000,000.$ Jackson's insurance policy of $$9,000,000$ has a deductible cla $$500,000.$ How should Jackson Chemical report this information in its financial statements at December $31,2025?$