TB MC Qu$.8-115($Static$)$ Young Company is involved in$..\mathrm{.}2$points$00$:$34$:$46$FilesYoung Company is involved in a lawsuit. The liability that could arise as a result of this lawsuit should be recorded on the books if the probability of Young owing money as a result of the lawsuit is:Multiple Choice$100\%$Probable and the amount is not reasonably estimable.Probable and the amount is reasonably estimable.Reasonably possible and the amount is reasonably estimable.Remote and the amount is reasonably estimable.