Use the following information to answer the next 2 questions, On November 5, 2018, a lawsuit was filed against Vienna Company for $2,000,000 damages suffered in an October, 2018 explosion. Vienna's legal counsel says it is probable the company will lose the lawsuit, and estimates the loss to be between $500,000 and $1 million Vienna's year-end is December 31, 2018, and its financial statements are issued March 15, 2019 10. In its December 31, 2018 balance sheet, what amount of contingent liability should Vienna report if the lawsuit is not settled? a. SO b. $1,000,000 c. $750,000 d. $500,000 11. If the lawsuit is settled February 20, 2019, for $800,000, what amount of contingent liability should Vienna report in its December 31, 2018 balance sheet? a. $1,000,000 b. $500,000 c. $800,000 d. So