Edge Co., a toy manufacturer, is in the process of preparing its financial statements for the year ended December 31, Year 8 . Edge expects to issue its Year 8 financial statements on March 1, Year 9. For each item, two responses are required. Select from the option lists provided the appropriate adjustment amount, if any, and whether additional disclosure is required, either on the face of or in the notes for each financial statement below. Each choice may be used once, more than once, or not at all. If no adjustment is necessary, select "No entry required" in the Adjusted amount column and continue to the Additional disclosure required column. 3. On January 5 , Year 9 , a warehouse containing a substantial portion of Edge's inventory was destroyed by fire. Edge expects to recover the entire loss, except for a $250,000 deductible, from insurance. 4. On January 24 , Year 9 , inventory purchased FOB shipping point from a foreign country was detained at that country's border because of political unrest. The shipment is valued at $150,000. Edge's attorneys have stated that it is probable that Edge will be able to obtain the shipment