Mississippi Cruise Lines is a defendant in litigation involving a swimming accident on one of its three cruise ships. Requlred: 1. The likelihood of a payment occurring is probable, and the estimated amount is $1.10 million. 2. The likelihood of a payment occurring is probable, and the amount is estimated to be in the range of $0.90 to $1.10 million. 3. The likelihood of a payment occurring is reasonably possible, and the estimated amount is $1.10 million. 4. The likelihood of a payment occurring is remote, while the estimated potential amount is $1.10 million. Record the necessary entry for the scenarios given above. (If no entry ls requlred for a portleulor tronsactlon/event, select "No Journal Entry Required" In the flrst account fleld. Enter your onswers In dollars, not In millions. For example, $5.5 million should be entered as 5,500,000.) Journal entry worksheet Record the contingent liability, if necessary, if the likelihood of a payment occurring is probable, and the estimated amount is $1.10 million. Note: Enter debits before credits. Journal entry worksheet Record the contingent liability, if necessary, if the likelihood of a payment occurring is probable, and the amount is estimated to be in the range of $0.90 to $1.10 million. Note: Enter debits before credits. Journal entry worksheet Record the contingent liability, if necessary, if the likelihood of a payment occurring is reasonably possible, and the estimated amount is $1.10 million. Note: Enter debits before credits. Journal entry worksheet 1 Record the contingent liability, if necessary, if the likelihood of a payment occurring is remote, while the estimated potential amount is $1.10 million. Note: Enter debits before credits