You completed the fieldwork for the December 31, 2019 audit of Dewman Industries on February 15, 2020 and mailed the completed statements with auditor's report on March 1, 2020. For this highly material event, indicate the appropriate action from the alternatives listed below. On February 6, 2020, the company lost a lawsuit for $250,000. The lawsuit originated in the prior year and is currently shown as a contingent liability. O Disclose the information in the December 31, 2019 financial statements. O Adjust the December 31, 2019 financial statements. O Request the client to recall the December 31, 2019 financial statements. O No action is required