Spill, a printing company, makes large scale prints in its state-of-the-art lab located in Melbourne. Despite investing significant capital in latest printing technologies, the lab had inadequate occupational health and safety procedures put in place. On August 21, 2023, one of Ink Spill's employees, Sasha, suffered a life-threatening injury while operating one of the printing machines. Sasha hired a lawyer and sued /nk Spill on October 20, 2023, for negligence. Following multiple court hearings, the court ruled in favour of Sasha on January 22, 2024, and ordered Ink Spill to pay Sasha $150,000 in damages which has not yet been paid. 

Required: a) Should the $150,000 be recorded as a liability in the Ink Spill's Balance Sheet at the end of January 2024? Explain, using the definition and recognition criteria of a liability.

b) Record the $150,000 in /nk Spills books using the General Journal below. Narrations are not required