Prepare any necessary journal entries for the following situations

c. Winston Inc. sued a competitor for patent infringement but the trial is still in progress at year end. Winston's laer onsiders it probable Winston will win and be awarded a judgment between $3,000,000 and $4,600,000. d. Morgan Inc. sells a product with a three-year warranty. Based on past experience, Morgan estimates warranty costs as follows: First Year 1% Second Year 2% Third Year 4% During 2017 sales of this product were $10,000,000. This is an improve were $5,000,000 and 2015 when sales were $4,000,000. ment on 2016 when sales