Required information Exercise 8-12A Analyze and record a contingent liability (LO8-5) [The following information applies to the questions displayed below.) Top Sound International designs and sells high-end stereo equipment for auto and home use. Engineers notified management in December 2021 of a circuit flaw in an amplifier that poses a potential fire hazard. Further investigation indicates that a product recall is probable, estimated to cost the company $2.3 million. The fiscal year ends on December 31. Exercise 8-12A Part 2 2. What loss, if any, should Top Sound report in its 2021 income statement? (Enter your answer in dollars, not in millions (i.e. 5.5 should be entered as 5,500,000).) Loss to be reported