An entity's current balance sheet is dated December 31, year 7 and the year 7 statements are issued Feb. 6, year 8. Which of the following is a recognized subsequent event for year 7? Issuance, in January year 8, of debentures, which double the entity's total liabilities. Issuance, in March year 8, of common stock, which doubles the entity's contributed capital. $4 million payment on February 2 in settlement of a lawsuit brought by a competitor for patent infringement occurring early January year 8. Write-off of a customer receivable due to customer bankruptcy caused by conditions beginning in year 7