b. Below is an extract from NZ King Salmons 2019 annual report

Record the journal entries for the recognition of any changes in fair value gain from biological assets for the 2019 financial year.

Mortality is expensed directly and does not affect fair value gains or losses.

Biological assets As at 1 July 2018 Increase due to biological transformation' Decrease due to harvest 2 Decrease due to mortality 3 Changes in fair value 4 As at 30 June 2019 Cost $000 42,667 85,636 (66,468) (17,465) Fair Value Gain $000 36,787 57,567 (62,926) 2,434 33,862 44,370