On January 28, 2019, a customer of Tom Corp. suffered a total loss as a result of a major casualty. On March 1, 2019, Tom Corp. wrote off as uncollectible a large receivable from this customer. Your auditor's report on Tom's financial statements for the year ended December 31, 2018, has not yet been issued. The write-off in the subsequent period by Tom Corp. requires:

A)Disclosure in the 2018 financial statements.

B)Adjustment to the 2018 financial statements.

C)Presentation of the 2018 financial statements with a prior period adjustment.

D)No adjustment or disclosure in the 2018 financial statements but disclosure in the 2019 financial statements.