b. Plumbers Home received a government grant of $20,000 to acquire a heavy cutting machine on 1 July 2018. The cost of the machine was $50,000 and the economic useful time is 5 years. The company recognize depreciation on a straight-line method and charge for the full year for the year of acquisition and nil during the year of disposal. i. Prepare the journal entries in the year ended 31 December 2018. (6 marks) ii. Show how the government grant is recorded in financial statements (Income statement and Financial position) for the year ended December 2018, 2019 and 2020. (10 marks)