3 [26marks] PART(A) Flagrant Limited purchased equipment for $600,000. The company received a government grant to cover 40% of the cost. The useful life of the asset is 4 years with nil residual value. Using both the Deferred Income Approach and Deduction from Assets method, show the extracts of the: (i) (ii) Statement of Comprehensive Income for 3 years The Statement of Financial Position for 3 years (6 marks) (6 marks)