On January $2,$ Year $2,$ the Retail Auto Parts Co$.$ received a notice from its primary suppliers that effective immediately all wholesale prices would be increased $10\%.$ On the basis of the notice, Retail Auto Parts Co$.$ revalued its December $31,$ Year $1,$ inventory to reflect the higher costs. The inventory constituted a material proportion of total assets. However, the effect of the revaluation was material to current assets but not to total assets or net income. In reporting on the company$$s financial statements for the year ended December $31,$ Year $1,$ in which inventory is valued at the adjusted amounts, the auditor would most likely

Express an unmodified opinion provided the nature of the adjustment and the amounts involved are disclosed in notes.

Express a qualified opinion.

Disclaim an opinion.

Express an adverse opinion.