Situation $1$: During $2023,$ Grouper Inc. became involved in a tax dispute with the Canada Revenue Agency. Grouper's tax lawyers have told management that Grouper will likely lose this dispute. They also believe that Grouper will have to pay the Receiver General for Canada between $$2,400,000$ and $$2\mathrm{.}9$ million. After the $2023$ financial statements were Issued, the case was settled with the Canada Revenue Agency for $$2\mathrm{.}7$ million

What amount, if any, should be reported as a liability for this contingency as at December $31,2023,$ assuming that Grouper follows ASPE?

Liability to be reported

S