Question: Suppose a hail storm damages a factory on September 30th, the last day of the fiscal year. We have committed to providing financial statements to outsiders by October 31st. We have a rough estimate for the dollar value of the factory damage. Based on what we discussed in the module, which of the following is the best course of action? Group of answer choices a. We should not discuss or record an estimated loss due uncertainties involved. b. We should discuss the loss in our notes to the financial statements, but we should not record anything in the financial statements. c. We should record an estimated loss for factory damage in the financial statements based on an incomplete analysis. d. We should ask for a delay in preparing the financial statements.