Problem 1 A customer slipped on the sidewalk and broke her leg in November 20x5 and is suing the company for damages in the amount of $2,000,000. Legal counsel is of the opinion that damages will be awarded and estimates the following probability distribution: Amount Probability $300,000 45% 500,000 35% 1,000,000 20% Required - Prepare the journal entry for the company required by IFRS in the preparation of the December 31, 20x5 financial statements.