6 (10 MARKS) Lubuk Meru Sdn Bhd purchased a equipment for production purposes on 1 January 2020 for RM200,000. The equipment has an estimated useful life of 5 years and a salvage value of RM50,000. The equipment is a cash-generating unit. During 2020, Lubuk Meru Sdn Bhd's production dropped significantly due to aggressive competition. Lubuk Meru Sdn Bhd decided to provide impairment loss for the machinery for the year ended 31 December 2020. The net selling price of the machine as at that date was RM76,000 and its projected cash inflows from the machine were estimated as follows: Year 2021 RM 50,000 2022 41,000 2023 37,000 The company's incremental borrowing rate is 14%. The present value table for single sums is given below: Year Interest -2345 1 0.877 0.769 0.675 0.592 0.519 Required: With respect to MFRS 136, Impairments of Assets, show your entry journal related to above transaction and calculate the impairment loss for the machine for the year ended 31 December 2020. Show your extract of statement of financial position and statement of profit or loss