A farmer buys $1,240$ chickens for $$148,800$ at the beginning of $203.$ The cost to feed, shelter, and grow the chickens is $$27,280$ in $203$ and $$29,760$ in $204.$ Based on the chickens' age and size, the fair value at the end of $203$ was $$192,200.$ On November $8,204,$ the chickens are slaughtered for a cost of $$14,880.$ The fair value of the carcasses is $$303,800.$

Required:

Prepare the journal entries for $203,204,$ and $205$ under IFRS. $($If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.$)$

Record Journal entries for:

Record the purchase of $1,240$ chickens for $$148,800$ at the beginning of $203$ under IFRS.

Record the $$27,280$ cost incurred in $203$ to feed, shelter, and grow the chickens under IFRS.

Record the fair value gain or loss on chickens if the fair value at the end of $203$ was $$192,200$ under IFRS.

Record the $$29,760$ cost incurred in $204$ to feed, shelter, and grow the chickens under IFRS.

Record the cost to slaughter the chickens at a cost of $$14,880$ under IFRS.

Record the fair value gain or loss on carca'sses if the fair value of the carcasses is $$303,800$ under IFRS.

Prepare the journal entries under ASPE. $($If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.$)$

Record Journal entries for:

Record the purchase of $1,240$ chickens for $$148,800$ at the beginning of $203$ under ASPE.

Record the $$27,280$ cost incurred in $203$ to feed, shelter, and grow the chickens under ASPE.

Record the $$29,760$ cost incurred in $204$ to feed, shelter, and grow the chickens under ASPE.

Record the cost to slaughter the chickens at a cost of $$14,880$ under ASPE.