2,000 14. On 1 January x4, Tag acquired a plant under the following terms: RM'000 Manufacturer's price Trade discount on manufacturer's price 20% Freight charges 60 Electrical installation 50 Staff training to use the plant 80 Pre-production testing 40 Purchase of five-year maintenance contract 30 Early settlement discount 4% Estimated residual value 150 Estimated life based on hours - 12,000 hours Hours used as at year ended 31 December: x4 2.400 X5 3,600 x6 1.700 On January x6, Tag upgraded the plant by adding a new component at a cost of RM400.000. This component has reduced the production time and increased the remaining useful life to 10,000 hours. The estimated residual value has also been increased to RM200,000. Tag paid the amount due on the manufacturer's price and received the discount. Required: Prepare extracts of the statement of profit or loss and other comprehensive income and statement of financial position for each of the three years