In June $2021,$ a customer at ABC Corp slipped on a wet floor and broke a hip. The customer sued the corporation in Julv $2021.$ The company's attorneys believe that it is $55\%$ likely that ABC will lose this case. Management concludes that the $55\%$ likelihood of incurring the loss is less than probable. The attorneys estimate that the loss will range between $$700,000$ and $$800,000,$ Management There is no best estimate in this range of possible losses. This is the only case presented for evaluation during the year. The company's beginning balance for provision liability

is $$100,000.$ Use IAS $37$: Provision Liabilities to determine the loss for $2021.$

a$.$

$$850,000$

b$.$

$$700,000$

c$.$

$$800,000$

d$.$

$$750,000$

e$.$

$$100,000$