SLC Electronics is the plaintiff in a class action lawsuit. Their attorney has written a letter that it is now extremely likely that st.C will fose the lawsult and be forced to pay $3,000,000 in damages. Required: Prepare the necessary joumal entry. Any recognition will be to Other Expense and Lawsuit Payable, If an amount box does not require an entry, leave it blank. SLC Electronics is the plaintiff in a class action lawsuit. Their attorney has written a letter that it is now extremely likely that st.C will fose the lawsult and be forced to pay $3,000,000 in damages. Required: Prepare the necessary joumal entry. Any recognition will be to Other Expense and Lawsuit Payable, If an amount box does not require an entry, leave it blank