"At 30 June 2021, the fair value of Fresh Farm s vineyard is $2,250,000. At 30 June 2022, the following information is available: Fair value of vines prior to harvest at 31 March 2022 = $2,400,000; Fair value of grapes harvested at 31 March 2022 = $800,000; Estimated costs to sell grapes = $30,000; Estimated costs to sell vines = $40,000. There have been no changes in fair values between 1 April and 30 June 2022. The entry to recognise the grapes at the point of harvest is: DEBIT Agricultural produce grapes 830,000 CREDIT Profit and loss 830 000 DEBIT Agricultural produce grapes 770,000 Profit and loss CREDIT 770,000 DEBIT Agricultural produce grapes 800,000 Biological asset vines 800 000 CREDIT "DR Agricultural produce grapes 830 000, CR Cash 30 000, CR Biological asset vines 800 000