a. You are required to prepare Statement of Comprehensive Income and Statement of Financial Position for Goldman Sdn. Bhd. as at 30th May 2017 using both Fair Value Accounting and Historical Cost Accounting. Information given as per below: The company bought a land at cost RM 800,000 at 1st June 2016. 50% of the money coming from issuing equity and the remaining from issuing 8% bond at par value. The land rents out RM 50,000 per year As at 30th May 2017, the market value for the land has increased to another 20% from its cost. It is assumed that the land has a useful life of 100 years with a salvage value of RM 100.000. The company is adopting a straight line method to calculate its depreciation expenses. At 30th May 2017, the market value of the bonds has fallen to RM 300,000