Gloria also forwarded an email regarding a lawsuit filed against BNI. After Regina's recent heavy snowfall, a delivery arrived at the Regina garden center before the loading dock had been cleared of snow and ice. While unloading the truck, the driver slipped and suffered a broken elbow. The driver, unable to work for several months while he recovers, has sued BNI for lost wages, pain and suffering. According to BNI's lawyer, there is a 60% chance that BNI will be found liable for damages ranging from $20,000 to $80,000 with $55,000 being the most likely amount. Gloria has requested that you provide a DEFINITIVE recommendation regarding whether or not to recognize the lawsuit in BNI's financial statements AND, if recognized, the amount at which it should be recognized based on a COMPLETE discussion of the guidance provided in the CPA Canada Handbook. She does NOT expect any journal entries at this time (4 marks). Gloria also forwarded an email regarding a lawsuit filed against BNI. After Regina's recent heavy snowfall, a delivery arrived at the Regina garden center before the loading dock had been cleared of snow and ice. While unloading the truck, the driver slipped and suffered a broken elbow. The driver, unable to work for several months while he recovers, has sued BNI for lost wages, pain and suffering. According to BNI's lawyer, there is a 60% chance that BNI will be found liable for damages ranging from $20,000 to $80,000 with $55,000 being the most likely amount. Gloria has requested that you provide a DEFINITIVE recommendation regarding whether or not to recognize the lawsuit in BNI's financial statements AND, if recognized, the amount at which it should be recognized based on a COMPLETE discussion of the guidance provided in the CPA Canada Handbook. She does NOT expect any journal entries at this time (4 marks)