Oriole Corporation, in preparation of its December 31,2025 , financial statements, is atternpting to determine the proper accounting treatment for esch of the following situations. 1. As a result of uninsured accidents during the vear, personal injury suits for $761,200 and $116,600 have been filed against the company. It is the judgment of Oriole's legal counsel that an unfavorable outcome is unlikely in the $116,600 case but that an unfoworable verdict approximating $479,800 (reliably estimated) will probably result in the $761,200 case. 2. Oriole owns a subsidiary in a foreign country that has a book value of $5,624,000 and an estimated fair value of $9.190,800. The foretgn government has communicated to Oriole its intention to expropriate the assets and business of all foreign investors. On the basis of settlements other firms have received from this same country. Oriole expects to receive 50% of the fair value of its properties as final settlement. 3. Oriole's chectical product division consistiry of five plants is uninsurable because of the special risk of injury to employers and losses due to fire and explasion. The year 2025 is considered one of the safest (luckiest) in the divisian's history because. no loss due to injury or casualty was suffered. Having suffered an average of three casuaties a year during the rest of the past decade (ranging from $58,300 to $765,500 ), management is certain that next vear the company will probably not be so forfunate. (a) Prepare the journal entries that should be recorded as of December 31,2025 , to recognize exach of the situations above. of no entry