Deephole Ltd commences operations on 1 January 2023. During 2023 Deephole Ltd explores three areas and incurs the following costs: Exploration and evaluation expenditure ($m) Great 28 No Way 22 Maybe 30 In 2024 oil is discovered at Great Site. No Way Site is abandoned. Maybe Site has not yet reached a stage that permits a reasonable assessment of the existence or otherwise of economically recoverable reserves, and active and significant operations in the area of interest are continuing. In relation to the exploration and evaluation expenditures incurred at Great Site and Maybe Site, 75 per cent of the expenditures relate to property, plant and equipment, and the balance relates to intangible assets. In 2024 development costs of $32 million are incurred at Great Site (to be written off on a production basis). $23 million of this expenditure relates to property, plant and equipment, and the balance relates to intangible assets. Great Site is estimated to have 19 000 000 barrels. The current sale price is $40 per barrel. Four million barrels are extracted at a production cost of $5 million and 2.1 million barrels are sold. Required Provide the necessary journal entries using: (a) the area-of-interest method