The following events occurred/ information for Fresh Limited became available between 1 January 2021 and 28 February 2021 (the date the financial statements were authorized for issue). a) A debtor that owed Fresh Limited R100 000 at 31 December 2020 (year end) had their factory destroyed in fire. As a result, this debtor filed for insolvency and will probably pay 30% of the balance owing. A letter from the debtor's lawyers to this effect was received by Fresh Limited in February 2021. The financial statements arenot yet authorized for issue. The fire occurred during January 2021. b) A debtor that owed Fresh Limited R100 000 at year-end was in financial difficulties at year-end. As a result, Fresh Limited processed an impairment loss adjustment of R30 000 against this account. In January 2021 , the debtor's lawyers announced thatit would be paying only 40% of all debts. The financial period ends on 31 December 2021. c) Current tax expense of R30000had been incorrectly debited as revenue in 2020. d) Fresh Limited had decided in a directors meeting held on 28 December 2020 to close down abranch in the Canary Islands. This decision was announced to the affected suppliers and employees via a newspaper article published on 15 January 2021. e) Inventory that had a fair value of R100 000 at year end (December 2020) was sold for R80 000 in January 2021.It had been damaged in flood in November 2020. Required None of the above events has yet been considered. Explain whether the above events should be adjusted for or not when finalizing the financial statements for Fresh Limited for the year ended 31 December 2020 (20 marks)