REV Co, is reviewing the accounting and disclosure requirements for its significant guarantees, commitments, and contingencies, including litigation, as of December 31, year 3. The financial statements are expected to be available to be issued on February 10, year 4. Determine the amount, if any, to recognize and whether disclosure is required in REVs financial statements as of and for the year ended December 31, year 3. Unless otherwise specified, assume that no amounts related to these guarantees, commitments, and contingency including litigation, have been recognized in the financial statements, as of December 31, year 3.