help with #2 , 2,500,0000 is not correct.

The following selected circumstances relate to pending lawsuits for Erismus, Inc. Erismus's fiscal year ends on December 31. Financial statements are issued in March 2022 Ertsmus prepares its financial statements according to IFRS. Required: Indicate the amount Ertsmus would record as an asset, a labilny or If no accrual would be necessary in the following circumstances. 1. Ensmus is defending against a lawsuit. Erismus's management believes the company has a slightly worse than 50/50 chance of eventually prevailing in court, and that if I loses, the judgment will be $1.500,000. 2 Erismus is defending against a lawsuit Erismus's management believes it is probable that the company will lose in court. If it loses, management believes that damages could fall anywhere in the range of $2,500,000 to $4,500,000, with any damage in that range equally likely 3. Erismus is defending against a lawsult. Erismus's management believes it is probable that the company will lose in court. If it loses. management believes that damages will eventually be $5,500,000, with a present value of $4,000,000 4. Ensmus is a plaintiff in a lawsuit . Enismus's management believes it is probable that the company eventually will prevall in court, and that if it prevails, the judgment will be $1.500,000. 5. Erismus is a plaintiff in a lawsuit Enismus's management believes it is virtually certain that the company eventually will prevall In court, and that if it prevails, the judgment will be $750,000. 1. 2 3. 4. Answer is complete but not entirely correct. Classification Amount Liability $ 1.500,000 Liability $ 2,500,000 Liability S 4.000.000 Not accrued s 0 Asset os 750.000 5