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P1. After the end of the 2022 fiscal year but before financial statements were issued, CSK Company learned that an arbitrator had made a $10

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P1. After the end of the 2022 fiscal year but before financial statements were issued, CSK Company learned that an arbitrator had made a $10 million judgment in a litigation case against the company. The claim had been made in 2022 for alleged defects of products sold in 2021. Prior to learning of the judgment, cSK had already accrued 22 million in 2022, and CSK and does not plan to appeal. a. Prepare the journal entry CSK would make to record the judgment. b. Determine the balance in the related liability account on CSK's issued December 31, 2022 balance sheet

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