14 2 Points Question 14 The fieldwork for the December 31, 2017 audit of Schmidt Corporation ended on March 17, 2018. The financial statements and auditor's report were issued and mailed to stockholders on March 29, 2018. In each of the material situations below, indicate the appropriate action. On April 7, 2018, you discovered that a debtor of Schmidt went bankrupt on January 6, 2018, due to gradual declining financial health. Option A No action is required Option B Adjust the December 31, 2017 financial statements Option C Request the client revise and reissue the December 31, 2017 financial statements. The revision should involve the addition of a footnote, but no adjustment, to the December 31, 2017 financial statements. Option D Request the client revise and reissue the December 31, 2017 financial statements. The revision should involve an adjustment to the December 31, 2011 financial statements. Option E Disclose the information in a footnote in the December 31, 2017 financial statements