Could you address my concerns about classification reporting as they relate to the instructions? I want to preserve all classification reporting. My understanding is as follows. Are they correct?

Option 1) does not allow me to select a date, such as 12/31/2019, but any and all reports I generate will show all entries as classified.

Option 2) allows me to select a date, such as 12/31/2019, and but any reports I generate dated 12/31/2019 or earlier will show all entries as unclassified.