GD’s financial reporting period is 1 September 20x7 to 31 August 20x8.Which TWO of the following would be classified as a non-adjusting event according to IAS 10 Events after the reporting period?1 Assume all amounts are material and that GD’s financial statements have not yet been approved for publication.2 On 30 October 20x8, GD received a communication stating that one of its customers had ceased trading and gone into liquidation. The balance outstanding at 31 August 20x8 was unlikely to be paid.3 At 31 August 20x8, GD had not provided for an outstanding legal action against the local government administration for losses suffered as a result of incorrect enforcement of local business regulations. On 5 November 20x8, the court awarded GD $50,000 damages.4 At 31 August 20x8, GD had an outstanding insurance claim of $150,000. On 10 October 20x8, the insurance company informed GD that it would pay $140,000 as settlement.5 On 1 October 20x8, GD made a share issue at a price of $1.75On 10 October 20x8, GD announced a plan to acquire DE in the next 12 months.