presented below are three independent situations. answr the question at the end of each situation. during $2025$ salt n pepa inc. became involved in a tax dispute with the irs. salt$-$n$-$pepa's attorneys have indicated that they believe it is probable that salt n papa will lost this dispute. they also believe that salt n pepa will have to pay irs between $$900,000$ and $$1,400,000.$ after the $2025$ financial statements were issued the case was sttled with the irs for $$1,200,000.$ what amount if any should be reported as a liablility for this contingency