The following research and discussion questions concern estimated liabilities and specifically are based on accounting for warranties and contingencies in accordance with GAAP. Please use your Class Notes and text to research and respond to each of the following situations: Where computations are involved please provide welllabeled computations. Where explanations or descriptions are involved please support your answer and write using clear, unequivocal language. 1.- Angela Corporation has been sued for product failures allegedly resulting in injuries to the indliduals bringing the lawsuit. The company's lawyers believe it is more than remote, but less than probable, that the lawsuit will result in an actual liability. Describe the action that should be taken by the Angela's management. 1-4ngela Corporation has been sued for product failures allegedly resuiting in injuries to the individuals bringing the lawsuit. The company's lawyers believe it is more than remote, but less than probable, that the lawsuit will result in an actual liability. Describe the action that should be taken by the Angela's management