The following information relates to White Ltd in the preparation of its financial statements for the year ended 30 June 2021: a. On 15 August 2021, a court decision found the company liable to pay damages of $200,000 to a major customer who commenced legal action in April 2020. The draft accounts currently report this as a contingent liability. b. The company's workforce went on strike for an indefinite period commencing on 28 July 2021. The strike was expected to cause severe financial conditions for the company Assume all events and transactions are material. Required: 1. Classify the above events as either adjusting or non-adjusting events after the end of the reporting period. Justify your classification. (3 marks) 2. Based on your answer to requirement 1, prepare the necessary journal entries or note disclosures to comply with the requirements of AASB 110