Darwis is the owner of Pacific Sdn Bhd. Pacific Sdn Bhd adjusted trial balance at 31 December 2019 (reporting date) included the following balances: RM Processing plant (at cost) 148,650 Accumulated depreciation - Processing plant 109,135 Vans (at cost) 291,400 Accumulated depreciation - Vans 174,200 Details of Vans owned at 31 December 2019 are as follows: Van Purchase Cost Estimated Estimated Date Useful Life Residual Value 1 31-Aug-16 RM61,000 4 years RM3,400 2 1-Mar-17 RM70,600 4 years RM3,400 3 2-Aug-17 RM75,600 4 years RM3,600 28-Oct-17 RM84,200 5 years RM3,200 Additional information: Darwis uses the general journal for all entries, calculates depreciation to the nearest month, balances his books 6-monthly, and records amounts to the nearest ringgit 4 Darwis uses straight-line depreciation for all depreciable assets except the processing plant, which is depreciated at 30% p.a. on the reducing balance. The following transactions and events occurred during 2020: Jan 31 Traded-in Van 1 for a new Van (Van 5) which cost RM84, 100. A trade-in allowance of RM10,200 was received and the balance was paid in cash. Registration at the Road Transport Depeartment and painting costs of RM1,500 were also paid in cash. The useful life of Van 5 and residual value are 5 years and RM4,600 respectively. Jun 02 The processing plant was modernised at a cash cost of RM61,574. Jul 24 Although the modernisation significantly expanded the plant's operating capability, Darwis decided that no revision to the depreciation rate was needed. Darwis calculated depreciation for the processing plant as a modernished plant commencing June 2, 2020. Sold Van 3 for RM25,000 cash. Exchanged Van 2 (fair value at exchange date: RM10,640) for computer equipment. The computer equipment's fair value at exchange date was RM10,550. The computer equipment originally cost RM26,600 and had been depreciated in the previous owner's books by RM15,850 to date of exchange. Darwin estimated the computer equipment's useful life and residual value at 4 years and RM320. Sep 21 Dec 31 Recorded depreciation Required: Prepare general journal entries to record in the nearest ringgits the above transactions and events. [30 marks)