The December 31, Year 1, financial statements of Edwards Co. (a privately held company) were available to be issued on March 1, Year 2, and were actually issued on March 3, Year 2. As of December 31, Year 1, Edwards Co. had 250,000 shares of common stock outstanding. On February 15, Year 2, Edwards Co. issued 500,000 more shares of common stock. As a result of this transaction, Edwards Co. must: 1. Adjust the amount of common stock reported on its December 31, Year 1, balance sheet. II. Provide disclosure about the stock issuance in the footnotes included with the December 31, Year 1, financial statements. II only. OB. I and II. A. OC. Nejther I nor II. OD. I only