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Subsequent Events (5 marks] Apple Pie Co. has a December 31, 2020 fiscal year-end date. The annual audit was performed in March 2021. and the

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Subsequent Events (5 marks] Apple Pie Co. has a December 31, 2020 fiscal year-end date. The annual audit was performed in March 2021. and the subsequent events period ended on March 22.2021. Required: For each of the items noted below. indicate the appropriate treatment for the year ending Desember 31. 2020. by clicking and dragging either A. D. or Ninto the blank box. Choices A, D, and N can be found at the very end of the question. The letters stand for: A- Adjust the financial statements for 2020 and disclose the event in a note. D - Disclose the event only in a note to the financial statements in 2020 without making an adjustment entry. N - Neither an adjustment nor disclosure is needed for 2020. Items noted in 2021, after the December 31, 2020 fiscal year had ended: 1. The company's employees went on strike on February 2, 2021 and no settlement has yet been reached. 2. A large factory was significantly damaged by an earthquake on January 27, 2021. 3. A customer who owed Apple Ple Co. $100.000 since December 11, 2020 went bankrupt on February 11, 2021. Apple Ple Co. expects to receive none of this amount. 4. A lawsuit filed on July 3, 2020 against Apple Pie Co. was settled out of court on March 31, 2021 for $75,000. and the subsequent period ended on 22.2020 Required: For each of the items noted below. Indicate the appropriate treatment for the nine 11. 2020. by clicking and dragging either A Dor Ninto the bank box. Choices A. D. and can be found at the very end of the question The letters stand for A- Adjust the financial statements for 2020 and disclose the event in a note D - Disclose the event only in a note to the financial statements in 2020 without making an adjustment entry. N-Neither an adjustment nor disclosure is needed for 2020 Items noted in 2021, after the December 31, 2020 fiscal year had ended: 1. The company's employees went on strike on February 2, 2021 and no settlement has yet been reached. 2. A large factory was significantly damaged by an earthquake on January 27, 2021 3. A customer who owed Apple Pie Co. $100.000 since December 11, 2020 went bankrupt on February 11. 2021. Apple Pie Co. expects to receive none of this amount. 4. A lawsuit filed on July 3, 2020 against Apple Pie Co. was settled out of court on March 31, 2021 for $75,000. No loss was recorded originally in 2020. 5. Apple Pie Co. issued $500.000 of common shares on March 2. 2021. A DIN

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