Question 4 [10 marks] (a) For each of the following material after-reporting-period events of Mary Ltd state whether adjustment or disclosure is required in the 30 June 2020 financial statements. Give your reason(s). If adjustment is required, state the nature of the adjustment. Questio a) (i) 20 July 2020: a debtor owing $67,000 was declared insolvent. The debtor had not made any payments in the last three months and half of the debt had already been treated as doubtful debt at year end. (2 marks) (ii) 25 July 2020: one of the company's five offices was damaged by a flood. Insurance will not cover the cost of repairs, estimated at $40,000. (2 marks) (b) The internal reports of Mel Lid reveal the following divisional information