pls answere Monty Corp. was recently sued by a competitor for patent infringement. Lawyers have

determined that it is probable $($and very likely$)$ that Monty will lose the case, and that Monty will

have to pay between $$140,000$ and $$270,000$ in damages. Monty follows IFRS.

What entry, if any, should Monty record in respect of this lawsuit?$($Credit account titl