(a) On 1 October 20X5 DR acquired a machine under the following terms. Hours GHS Pre-production testing Hours used-year ended 30 September 20X6 Manufacturer's base price Trade discount (applying to base price only) Early settlement discount taken (on the payable amount of the base cost only) Freight charges Electrical installation cost Staff training in use of machine Purchase of a three-year maintenance contract Estimated residual value Estimated life in machine hours -year ended 30 September 20X7 1,050,000 20% 5% 30,000 28,000 40,000 22,000 60,000 20,000 6,000 1,200 1,800 -year ended 30 September 20X8 (see below) 850 On 1 October 20X7 DR decided to upgrade the machine by adding new components at a cost of GHS200,000. This upgrade led to a reduction in the production time per unit of the goods being manufactured using the machine. The upgrade also increased the estimated remaining life of the machine at 1 October 20X7 to 4,500 machine hours and its estimated residual value was revised to GHS40,000. Required Prepare extracts from the statement of profit or loss and statement of financial position for the above machine for each of the three years to 30 September 20X8. (10 marks)