Could you please answer this question?

I am in a hurry a little bit, so fast answer would be appreciated!

Thank you!

Question 22 (1 point) The Drake Inc owns 1,000 shares in Beiber Corp, a public company listed on the stock exchange. The share price was as follows: At date of purchase, July 2, 2021 = $100/share - At year end, June 30, 2022 = $100/share At start of next fiscal year, July 1, 2022 = $95/share - At date financial statements authorized for issue, September 1, 2022 = $90/share Materiality for the Drake's financial statements is $500,000. What is the appropriate treatment of the subsequent event in the June 30, 2022 financial statements? No adjustment is needed for the subsequent decline in share price to $90/share. Adjustment in the financial statement for the decline in value of $10,000. Note disclosure in the financial statements for the decline in value of $5,000. Both an adjustment and note disclosure in the financial statements for the decline to $90/share. Film