an estimated content of 50 percent by a debit to Raw Material Inventory and a credit to Accounts Payable in the amount of $41,200. The nal liability to the vendor is based on the actual mineral content of the shipment. - 3.]anuary 31: As a result of reduced sales, production was curtailed in mid- January and some workers were laid off. On February 5, all the remaining workers went on strike. To date, the strike is unsettled. - 4.February 20: A contract was signed whereby Whitworth Enterprises purchased from Martinson Inc. all of its capital assets, inventories, and the right to conduct business under the name "Martinson Inc. Division." The transfer's effective date will be March 1. The sale price was $800,000. Required Assume that the above items came to your attention prior to completion of your audit work on February 28. For each of the above items, discuss the disclosure that you would recommend for the item