Please provide some recommendation on the following issues with appropriate accounting treatments as per the Australian Accounting Standard.

As at the beginning of the current financial year 2024, High Ltd has two provision accounts:
(a) Provision for lawsuit claims $14m, and
(b) Provision for warranty $29m.

During the year ended 30 June 2024, the lawsuit claims were settled at $16m and warranty costs of $32m were paid. We would like to increase the warranty provision to $39m at year end in tandem with the increase in products sold during the year.