Accounting for loan assets at amortised cost * * L012, 13, 14 On I July 2023 Southpoint Ltd granted a 4-year loan of $2 million to one of its suppliers. The loan is interest free in order to assist the supplier to make energy-efficient modi- fications to its plant. The market rate of interest for a similar loan is 10%. The 12 months' expected credit loss and lifetime expected credit loss are estimated as $25000 and $70000 respectively. At 30 June 2024, Southpoint determines that there has been no significant increase in the credit risk of the loan. However, by 30 June 2025 there was a significant increase in the credit risk of the loan and the 12 months' expected credit loss and lifetime expected credit loss were estimated as $60000 and $90 000 respectively. Required .1 Prepare a schedule for the amortisation of the loan from inception to maturity. m u l e 2. Prepare journal entries for Southpoint Ltd to account for the loan from inception to 30 June 2025.