In May 2008 Caso Co. filed suit against Wayne, Inc. seeking $1,900,000 in damages for patent infringement. A court veredict in November 2011, awarded Caso $1,500,000 in damamges, but Wayne's appeal is not expected to be decided before 2013. Caso's counsel believes it is probable that Caso will be sucessful against Wayne for an estimated amount in the range between $800,000 and $1,000,000 considered the most likely amount. What amount should Caso record as income from the lawsuit in the year ended December 31, 2011?
a. 0
b. $800,000
c. $1,000,000
d. $1,500,000