Required information The following information applies to the questions displayed below) Top Sound International designs and sells high end stereo equipment for auto and home use Engineers notified management in December 2018 of a circult flaw in an amplifier that poses a potential fire hazard. Further investigation indicates that a product recall is probable estimated to cost the company $2.9 million. The fiscal year ends on December 31 Required: 1. Should this contingent liability be reported disclosed in a note only, or neither? Reported O Disclosed in a note only ONeither