The following events all took place after the balance sheet date of December 31, 2020, but before the issuance of the financial statements on March 1, 2021, of Tannenbaum Inc. The amounts indicated for each event are considered material to the company's financial statements. 1. A customer reported a bankruptcy providing evidence that the December 31, 2020, accounts receivable balance of $22,000 will not be collectible. 2. The company issued 1,000 shares of common stock for $40,000. 3. An inventory loss due to a flood damage in 2021 was estimated to be $14,000. 4. Tannenbaum Inc. settled a legal dispute for $250,000 related to an employee accident that took place in 2018. Which of the preceding items (if any) should be considered for recognition on the 2020 financial statements? A) Item 1 only O B) Items 1 and 4 only C) Items 1, 3, and 4 only. D) All of the items should be recognized in the 2020 financial statements. O E) None of the items should be recognized in the 2020 financial statements, but they should all be disclosed in the notes accompanying the financial statements