please i need the answer quickly

Question 8 1 Point Smitz Spa is preparing its opening IFRS statement of financial position on January 1, 2022. Under its previous GAAP, Smitz did not record a provision for litigation in the amount of C85,000 that would be recognized under IFRS. What is the entry (if any) needed to record this adjustment at the date of issuance? Dr Retained earnings 85,000 Cr. Provision for litigation 85,000 B Dr. Retained earnings 80,000 Cr. Inventory 8,000 Dr Provision for litigation 85,000 Cr. Retained earnings 85,000 No entry needed. Question 9 1 Point IFRS1 First-time Adoption of International Financial Reporting Standards defines the date of transition to IFRS as: A The date at the start of the earliest period for which comparatives are provided in the first IFRS financial statements. The date at the end of the earliest period for which comparatives are provided in the first IFRS financial statements The date at the start of the first IFRS reporting period D The date at the end of the first IFRS reporting period