100 12). Ty Construx Co.'s year end is December 31, 2020. The company issued its financial statements on March 11, 2021. On January 22, 2021, one of its warehouses was significantly damaged by a fire. Ty Construx has fire 101 nsurance coverage. How should Ty account for the fire in its 2020 financial statements? A. Adjust the 2020 figures to account for the loss incurred from the fire. 02 B. Disclose the event in its notes to the 2020 financial statements. C. Neither adjust or disclose as the fire is considered to be general knowledge. D. Issue a press release indicating the damages experienced in the fire