See the following situations for Simon Corp for the year 2024. a) In August, a worker was injured in a factory in an accident partially the result of his own negligence. The worker has sued the employer, Simon Corp, for $600,000. Simon's legal counsel believes it is possible that the outcome of the suit will be unfavourable and that the settlement would cost the company from $175,000 to $400,000. However, the lawyer states that the most probable judgement is $300,000. b) Simon Corp is involved in a pending court case. Simon's lawyers believe it is likely that Simon will be awarded damages of $700,000. Instructions a) Liscuss th proper accounting treatment and any journar entries required in ine com Follows ASPE. 39 39 Discuse any difference if the company follows IFRS. 2 marke