ABC Ltd has provided the following information concerning events occurring between the end of the reporting period and the date the accounts were authorised. This information is to be considered in the preparation of the financial statements for the year ended 30 June 2018. a) On 17 July 2018, a firebomb destroyed four of the company's transport vehicles resulting in damages of S400 000. Insurance will cover $300 000 of the damages but payment of the insurance claim has been delayed by a police investigation. As a result of the loss of these vehicles, the company's delivery schedules have been severely disrupted. b) On 15 August 2018, the Department of Occupational Health and Safety charged the company over unsafe storage practices that resulted in the leakage of toxic materials into a local creek. The leakage occurred on 3 July 2018. If found to be negligent by the court, the company will have to pay a fine of $350 000 plus legal and clean-up costs in excess of $250 000. c) On 21 August 2018, the purchasing manager discovered that a batch of invoices relating to June inventories purchases had not been processed. The invoices totalled $40 000. Required 1) Classify the above events as either adjusting or non-adjusting events after the end of the reporting period. Justify your classification. Hint: the following template can be used to help you arranging the answer of this question. Date Event Condition at 30 New Classification June 2018 information 2) Based on your answer to requirement 1, prepare the necessary journal entries or note disclosures to comply with the requirements of AASB 110