Prior to the financial year end of July 31, 2021, Codex Co, received a claim of $100,000 from a supplier for providing poor quality goods which have damaged the supplier's plant and equipment. Codex's lawyers have stated that there is a 20% chance that Codex will successfully defend the claim. Which of the following is the correct accounting treatment for the claim in the financial statements for the year ended July 31, 2021? Codex should: a. disclose a contingent liability of $100,000 O b. neither provide nor disclose the claim O c. provide for the expected cost of the claim of $100,000 O d. provide for an expected cost of $20,000