5. Burn Co. operates incinerateon facilities. Recently a new legislation comes into enactment that requires that all incinerateon facilities must install specialised systems that reduces carbon dioxide emission by December 20x5. Facilities failing to comply with these regulations will incur a fine of $100,000 per facility and their operating licences will be suspended for three months. Strict enforcement of the legislation will be undertaken. Burn Co. owns 3 incinerateon facilities and had not complied with the legislation (ie did not install the specialised system) by the end of its financial year, 31 December 20x5. Furthermore, no inspection of their facilities had been made by 31 December 20x5. a) At 31 December 20x5, does Burn Co. have an obligation relating to the purchase and installation costs of the new specialised system? b) At 31 December 20x5, does Burn Co. have an obligation relating to its failure to comply with the new legislation and any potential fine