i left my fishing rod and reel out in my garage what do i do?

so im in wisconsin and this year it got pretty cold. and i left my fishing rod and reel in my garage for the whole winter, is that bad for it? i just brought it in today, Jan. 24, and i was wondering what i should do with it. it still has line and stuff on it. its a spinning reel
will the reel be ok?
alright i have one of those abu garcia (woooo) impact reels. how do i re lubricate it? like what kinda of lubricant do i need bcuz i dont hav any

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What does the knob on the left of the fishing reel, Abu Garcia Silver Max, do?

I just bought this reel as a combination with a rod and it didn’t come with a manual. I really need to know what this knob does because it can really affect my fishing. In case you don’t know what knob I’m talking about, it’s the one that has the word “Max” on one side and a dot on the other.

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