QUESTION 9 Several years ago, Grant County was sued by a former county employee for wrongful discharge. Although it was to be contested by the county, at the time of the lawsuit the attorneys believed that the county was most likely to lose the suit and the estimated amount of the ultimate judgment would be $100,000. This year, the case was finally settled with a judgment against the county of $150,000, which was paid. Assuming that the county maintains its books and records in a manner to facilitate the pipparation of its government-wide Financial statement, impact for the current year should be Increase Expenditures $150,000; Decrease Cash $150,000 o Increase Expenses $150,000; Decrease Cash $150,000. O Increase Expenditures $50,000 and Claims payable $100,000; Decreasc Cash $150,000 O Increase Expenses $50,000, Decrease Claims payable $100,000 and Cash $150,000