The fieldwork for the December 31, 19X8 audit of Bypass Manufacturing Company was completed on February 20, 19X9, and the audit report was delivered to the client on March 1, 19X9. The following material transactions and events came to the auditor's attention subsequent to December 31, 19X8. Indicate whether each transaction or event should result in (1) adjustment of, (2) disclosure in, or (3) no effect on, the December 31, 19X8 financial statements.

a. On January 10, 19X9, the company announced the sale of a product line accounting for 20 percent of its \(19 \mathrm{X} 8\) revenues.

b. On January \(18,19 \times 9\), the company filed an antitrust suit against a major competitor.

c. On January 28 , 19X9, a major customer with a large past-due year-end balance declared bankruptcy.

d. On February 10, 19X9, the company declared a two for one split of its common stock.

e. On February 24, 19X9, a serious explosion injuring dozens of workers at one of the client's plants was reported in the news media.

f. On March 4, 19X9, a lawsuit against the company that was disclosed in a footnote to the financial statements was settled for an amount substantially in excess of the estimated amount shown in the footnote.