(c) The board of Purple Plc have taken the decision to restructure the business and close one of Purple Plc's factories. The impact of this will be material for Purple Plc. A detailed plan is being prepared and will be implemented in the following year. No detailed announcements of the plan have been made by the end of the financial year. Purple Plc must train its staff in changes to health and safety regulation which occurred at the end of the financial year. Required: (i) What are events after the balance sheet date and how should they be accounted for? How would the decision to restructure be accounted for by Purple Plc? (iii) Would the company need to make a provision for the future training costs? Your answer to this question should not be more than 200 words. (7 marks)