Company A had a herd of 10 2 y/o animals at the beginning of the current year. One animal aged 2.5 years was purchased on July 1 for P108 and one animal was born on July 1. No animals were sold or disposed of during the year. Fair value less cost of disposal per unit: Jan 1 Jul 1 70 New born animal 6-month old animal 2 y/o animal 2.5 y/o animal 3 y/o animal Dec 31 72 80 105 111 120 100 108 Determine: (1) Fair value of the biological assets on December 31 (2) Gain from change in fair value of biological assets that should be recognized in the current year (3) Gain from change in fair value due to price change