A Revalue the shares to (tair)market value in the 20/8 financial statements. O B. Note disclosure in the 20X8 financial statements but no write-down. OC. No action is required in the 20/8 financial statements, In February 20XB, CWC purchased 1,000 shares of Royal Bank Corporation (RBC) at $60.00 per share. These shares are widely traded on the Toronto Stock Exchange and share prices are available every business day. On December 31, 20x8 the share price was $55.00 per share so the company reported a $55,000 investment on its balance sheet. On March 31, 20X9, the share price had further declined to $48.00 each What is the required accounting treatment for this event