E9-7 (Valuation at Net Realizable Value) Matsumura Dairy began operations on April 1 2010, with purchase of 200 milking cows for 6.700.000. It has completed the first month of operations and has the following information for its milking cows at the end of April 2010 (000 omitted) Milking cows Change in fair value due to growth and price changes* (200.000) Decrease in fair value due to harvest (12.000) 72.000 Milk harvested during April 2010 (at net realizable value) Instructions a) Prepare the journal entries for Matsumura's biological asset (milking cows) for the month of April 2010 b) Prepare the journal entry for the milk harvested by Matsumura during April 2010. c) Matsumura sells the milk harvested in April on the local milk exchange and receives 74.000. Prepare the summary journal entry to record the sale of the milk