Reporting a Legal Contingency On November 5, a Dune Corporation truck was in an accident with an auto driven by R. Bell. Dune received notice on January 12 of the following year, of a lawsuit for $630,000 in damages for personal injuries suffered by Bell. Dune Corporation's legal counsel believes it is probable that Bell will be awarded an estimated amount in the range between $180,000 and $405,000, and that $270,000 is a better estimate of potential liability than any other amount. Dune's accounting year ends on December 31, and the current calendar year- end financial statements were issued on March 2 of the following year. a. What liability should Dune accrue on December 31? Amount to accrue $ b. How would your answer to (a) change if Dune Corporation's legal counsel believes it is reasonably possible that Bell will be awarded a settlement? Amount to accrue c. How would your answer to (a) change if Dune Corporation's legal counsel believes there is only a remote possibility that Bell will be awarded a settlement? Amount to accrue