1. Your client's balance date is 30 June 2008. The major production activity of your client is the production of highly specialized materials for their major client ZeeOn. During the year ZeeOn purchased over 90% of your client's production output. 011 6 August 2008, before you signed the audit opinion, ZeeOn was placed into liquidation. In light of this news you have recommended to your client: a) To include a subsequent events note in the financial statements for the year ended 30 June 2008. b) To adjust the financial statements to reflect liquidation values as at 30 June 2008. c) To adjust the value of inventory as at 30 June 2008. d) To adjust the amount of provision for doubtful debts by the amount owing by ZeeOn as at 30 June 2008