For each of the following subsequent events, determine what the company should doselect from drop down listSettlement of a tax case at a cost higher than expected at year endIntroduction of a new product lineSale of majority of company's assetsWinning a lawsuit against a supplier and receiving settlementLoss of an assembly line due to natural calamityRetirement of the company presidentProlonged employee strikeIssuance of a significant number of common sharesMerger with another companyLoss of a big customerOptions are $1.$ Adjust the financial statement$2.$ disclose the event in note $3.$ niether adjust nor disclose