The ace company is affected by the following contingencies at the end of 2015: 1) ace’s legal counsel has concluded that it is probable that the company will be required to pay damages of $400,000 in a lawsuit. 2) expropriation of ace’s foreign assets, valued at $3,000,000, appears reasonably possible. 3) ace’s controller estimates that $30,000 of the company’s receivables are likely to be uncollectible, and will require ace to honor the amounts. 4) it appears remotely possible that a major customer will be unable to repay a note to ace for $100,000. what total amount should ace accrue for loss contingencies in 2015? a. $430,000 b. $3,400,000 c. $3,430,000 d. $530,000