The following events for Manis Berhad occurred after the balance sheet date of $31$ December $2020,$ but before the board of directors approved and authorised the financial statements to be issued on $1$ March $2021.$ The financial statements were finally published to the public on $31$ March $2021.$ Listed below are the details regarding the above events.

$1.$ A lawsuit made by Masam Berhad to Manis Berhad that arose from an event of noncompliance to the quality of raw materials that occurred on $27$ March $2020$ was settled out of court on $3$ February $2021.$ Manis Berhad agreed to pay Masam Berhad an amount of

RM$276,000$ to settle the case.

$2.$ A batch of inventories was carried at RM$100,000$ in the Statement of Financial Position of Manis Berhad but sold during January $2021$ for a total of RM$75,000$ net of all selling costs. The reason for the low price was damage caused by a flood that took place in the warehouse of Manis Berhad in early August $2020.$

$3.$ Manis Berhad completed an additional sale of $5,000$ units of ordinary shares at a price of RM$15$ per share and $25,000$ units of preference shares at a price of RM$45$ per share on $28$ February $2021.$

$4.$ Tawar Berhad, a major customer of Manis Berhad lost $80$ percent of its production capacity of raw materials as a result of a massive flood that occurred on $3$ November $2020$ and filed for bankruptcy on $18$ February $2021.$ The customer still owed Manis Berhad an amount of RM$110,000$ for a sale that occurred on $5$ August $2020.$

$5.$ Manis Berhad received an insurance claim from Rahmah Insurance Berhad amounted of

RM$32,000$ on $20$ February $2021$ as compensation for damaged products during the flood that occurred in Manis Berhad's warehouse in early August $2020.$

Required : For each of the above events $($numbered $1$ to $5),$ describes clearly how each event should be treated in the financial statements and accompanying notes for Manis Berhad as required by MFRS$110$ Events After Reporting Period.