Journal entry worksheet Record the contingent liability, if necessary, if the likelihood of a payment occurring is probable, and the amount is estimated to be in the range of $0.97 to $1.17 million. Note: Enter debits before credits. Great Lakes Cruise Lines is a defendant in litigation involving a swimming accident on one of its three cruise ships: Required: 1. The likelihood of a payment occurring is probable, and the estimated amount is $1.17 miltion. 2. The likelihood of a payment occurring is probable, and the amount is estimated to be in the range of $0.97 to $1.17million. 3. The likelihood of a payrnent occurring is reasonably possible, and the estimated amount is $1.17million. 4. The likelihood of a payment occurring is remote, while the estimated potential amount is $117 milition. Record the necessary entry for the scenarios given above. (If no entry is required for a porticulor tronsoction/event, select "No Journal Entry Required" in the first occount field. Enter your answers in dollars, not in millions. For example, $5.5 million should be entered os 5,500,000.) Journal entry worksheet Record the contingent liability, if necessary, if the likelihood of a payment occurring is probable, and the estimated amount is $1.17 million. Nikei foter setuts belore oredits. Journal entry worksheet Record the contingent liability, if necessary, if the likelihood of a payment occurring is reasonably possible, and the estimated amount is $1.17 million. Note: Enter debits before credits. Journal entry worksheet Record the contingent liability, if necessary, if the likelihood of a payment occurring is remote, while the estimated potential amount is $1.17 million. Note: finter debits before credits