Question 33 (2.5 points) Tyler Company is the defendant in a pending lawsuit in which the plaintiff is seeking damages of $500,000. The lawsuit is considered frivolous, and it is very remote that Tyler Company will owe $500,000 when the lawsuit is settled. As a result, Tyler would: O include a footnote in its financial statements to disclose the possible liability. O do nothing until the lawsuit is settled. O include a footnote in its financial statements to estimate the contingent loss. O record a journal entry to reflect a $500,000 liability. Question 34 (2.5 points) On December 31, 2019, Maggio Snow Removal Company shows an unadjusted balance of $40,000 in its Unearned Service Fees account. Of this amount, 25% was earned by the end of 2019. The December 31, 2018 balance sheet should report: Unearned Service Fees of $30,000. O Service Fees Earned of $10,000. Unearned Service Fees of $10,000. O Accounts Payable of $30,000