Building Plant and machinery Research and development Reducing Balance Cost 2 10 Reducing Balance 20 8. On 1 January 2017, Mantra Co. borrowed $12 million for the construction of a building that is estimated cost $30 million and is expected to be completed in 2019. Only $5 milion was utilised during the year and the balance of $7 million was invested temporarily in a fixed deposit which yielded an interest of 5% per annum. Total interest on the borrowing of $12 million for the year 2017 was $0.84 million and has neither been paid nor recorded Required: (a) Prepare the statement of comprehensive Income for the year ended 31 December 2017. (b) Prepare the statement of financial position for the year ended 31 December 2017.