Pop Corporation owns 80 percent of Son Corporation, and properly included Son as a subsidiary in preparing consolidated financial statements for the year ended December 31, 2016. Pop issued the financial statements on March 1, 2017. In May of 2017, Son had an explosion that severely damaged one of its major manufacturing operations. The cost of replacement will require Son to issue additional shares of stock, which will reduce Pop’s ownership to 60 percent. Will Pop be required to restate the December 31, 2016 financial statements for this subsequent event?