The financial year end of Romany Limited is the 30 June 2022. The financial statements were presented to the board of directors for approval on 15 September 2022. Subsequent to the year end, the following material events took place: 1. A foreign investment was carried at R800 000 at reporting date. Due to the adverse performance of the South African rand between 1 July 2022 and 15 September 2022, the investment is now valued at R550 000 on 15 September 2022. (2) 2. A major customer of Romany Limited went into liquidation on 31 July 2022. This customer owes an amount of R60 000 which is included in accounts receivable at 30 June 2022. The liquidator has notified Romany Limited that a liquidation dividend of 20 cents in the rand can be expected. (5) 3. On 15 July 2022, a claim for R80 000 was served on Romany Limited by a customer who alleges that machinery manufactured and sold by Romany Limited during April 2022 does not meet the safety standards required by legislation. Lawyers have been appointed to investigate the matter but have yet to come to any conclusions. Legal fees up to 15 September totalled R20 000. (5) 4. A flash flood on 14 September 2022, completely destroyed one of the manufacturing premises. The loss of R4 million is fully covered by insurance. The company remains a going concern. (2) 5. An unlisted share investment which was recognised in the statement of financial position at a fair value of R110 000 on 30 June 2022, was sold for R150 000 on 15 August 2022.(3) 6. On 31 July 2022 the directors declared a dividend in respect of the financial year ended 30 June 2022 payable to all shareholders registered in the companys share register at 30 June 2022. (3) YOU ARE REQUIRED TO: State, with reasons (and include journal entries if required), how each of the above items should be dealt with in the financial statements of Romany Limited for the year ended 30 June 2022. Assume all amounts to be material