For each of the following subsequent (post-balance-sheet) events, indicate whether a company should (a)adjust the financial statements, (b) disclose in notes to the financial statements, or (c) neither adjust nor disclose. Settlement of federal tax case at a cost considerably in excess of the amount expected at year-end Introduction of a new product line. Loss of assembly plant due to fire. Sale of a significant portion of the company's assets. Retirement of the company president. Prolonged employee strike. Loss of a significant customer. Issuance of a significant number of shares of common stock. material loss on a year-end receivable because of a customer's bankruptcy. Hiring of a new president. Settlement of prior year's litigation against the company (no loss was accrued). Merger with another company of comparable size