Colourful Breed Bhd engaged in the business of deer farming. On 1 January 2020, the company owned a herd of 200 one year old deer. On the same date 4 fawns were born. On 1 July 2020, the farm purchased 10 one year old deer at a total cost of RM23,500 while 6 fawns were born. The information below is regarding the livestock for the year ended 31 December 2020. The deer will be raised to their marketable age of about 3 years old. No deer were disposed or sold during the period. REQUIRED: i. State FOUR (4) agricultural activities that are applicable to MFRS 141 Agriculture. (4 marks) ii. Calculate the increase in fair value due to physical and price changes to be recognised in the Statement of Profit or Loss for the year ended 31 December 2020. (12 marks) iii. Prepare journal entries to record the followings: a. acquisition of the deer b. changes in fair values for the year ended 31 December 2020. (4 marks) iv. Determine the carrying amount of biological assets of Colourful Breed Bhd to be disclosed in the Statement of Financial Position as at 31 December 2020 (5 marks) (Total: 25 marks) Colourful Breed Bhd engaged in the business of deer farming. On 1 January 2020, the company owned a herd of 200 one year old deer. On the same date 4 fawns were born. On 1 July 2020, the farm purchased 10 one year old deer at a total cost of RM23,500 while 6 fawns were born. The information below is regarding the livestock for the year ended 31 December 2020. The deer will be raised to their marketable age of about 3 years old. No deer were disposed or sold during the period. REQUIRED: i. State FOUR (4) agricultural activities that are applicable to MFRS 141 Agriculture. (4 marks) ii. Calculate the increase in fair value due to physical and price changes to be recognised in the Statement of Profit or Loss for the year ended 31 December 2020. (12 marks) iii. Prepare journal entries to record the followings: a. acquisition of the deer b. changes in fair values for the year ended 31 December 2020. (4 marks) iv. Determine the carrying amount of biological assets of Colourful Breed Bhd to be disclosed in the Statement of Financial Position as at 31 December 2020 (5 marks) (Total: 25 marks)