c) During mid-March 2022, there was a hurricane and it swept through the city and damaged the land. After assessing the amount of damage, the land's new selling price has fallen to $1,225,000 on 31 March 2022 and the Value in Use is $1,100,000. The accountant of Alder's Ltd, Aladin, seeks your advice on the accounting treatment on 31 March 2022 with respect to the land. Required: Briefly explain the accounting treatment with reference to the relevant accounting standards. Show calculations and prepare the journal entry on 31 March 2022. I Journal entry as at 31 March 2022 Particulars Dr ($) Cr (S) (7 Marks) (d) Complete the following table as a part of the PPE note to be included in the notes to the financial statements of Alder Ltd on 31 March 2022. (8 Marks) Land (S) Plant (S) Motor Vehicles (5) Balance as at 01 April 2021 Less: Accumulated Depreciation Less: Accumulated Impairments Balance as at 31 March 2022