Which of the following situations would require a journal entry to record the contingent liability in the financial statements?

Multiple choice question.

The liability is possible and estimated to be $$25,000$

The liability is remote and estimated to be $$30,000.$

The liability is probable, but the amount cannot be reasonably estimated.

The liability is probable and estimated to be $$10,000.$

The liability is possible, but cannot be reasonably estimated.