GK, Inc. has the following outstanding litigation claims against it:
1. A claim of $100,000. GK thinks it is probable it will lose the claim, and estimates the loss at $75,000 if it occurs.
2. A claim of $50,000. GK thinks it is probable it will lose the claim, but cannot estimate the amount of loss.
3. A claim of $10,000. GK thinks it is reasonably possible it will lose the claim, and estimates the loss at $8,000 if it occurs.
GK should accrue a contingent liability of:
a. 135,000
b. 75,000
c. 83,000
d. 160,000