(c) Jig Ltd has a September year end and is preparing its financial statements for the year ending 30 September 2021. On 15 September 2021, Jig Ltd was notified that a major customer who owed Jia Ltd a considerable amount of money was in financial trouble and was in negotiations with a major bank to try and secure a loan. In December 2021, Jig Ltd was informed that the major customer had been unsuccessful in securing a loan and was no longer able to continue to trade. It was extremely unlikely that Jig Ltd would be paid. In January 2022, Jig's storage facility for its products was flooded, causing material damage to Jig Ltd's inventory. Required What are post balance sheet events and how are they accounted for? How would the events in December 2021 and January 2022 be treated in the financial statements of Jig Ltd for 2021? Give reasons for your answers. 6 & 7 * 19 f f12 ( (7 marks) Total 20 marks A del +