The ink-jet printing division of Environmental Printing has grown tremendously in recent years. Assume the following transactions related to the ink-jet division occur during the year ended December 31, 2018 1. Environmental Printing is being sued for $9.8 million by Addamax Plaintiff alleges that the defendants formed an unlawful joint venture and drove it out of business. The case is expected to go to trial later this year. The likelihood of payment is reasonably possible. 2. Environmental Printing is the plaintiff in an $7.8 million lawsuit filed against a competitor in the high-end color-printer market Environmental Printing expects to win the case and be awarded between $5.3 and $7.8 million 3. Environmental Printing recently became aware of a design flaw in one of its inkjet printers. A product recall appears probable Such an action would likely cost the company between $380,000 and $780,000 Required: Record any amounts as a result of each of these contingencies. (if no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answer in dollars, not in millions (i.e., $6.5 million should be entered as 5,500,000).) View transaction list Journal entry worksheet Record the contingent gain if needed. Note: Enter debits before credits Transaction General Journal Debit Credit 2 Record entry Clear entry View general journal Required: Record any amounts as a result of each of these contingencies. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answer in dollars, not in millions (.e., 55.5 million should be entered as 5,500,000).) View transaction list Journal entry worksheet