Farmer Monty Industries Inc. is in the business of producing organic foods for sale to restaurants and in local markets. The company uses IFRS and has a June 30 fiscal year end. As an experiment, the company has decided to try raising organic free-range chickens. On May 1, 2020, Farmer Monty purchased 90 new hatchlings for cash at a total cost of $900. The company paid cash for feed and labour costs of $140 per month to look after the chicks. Their (acceptable) accounting policy is to capitalize these costs. On June 30, the company estimated that the chickens would mature in mid-October. At year end they had a fair value of $1,600 and the company would have to transport the chickens to their customers at an average cost of $3 per chicken. On October 30, all 90 chickens had matured and the company sold and shipped 50 of the chickens to one of its key customers for $30 per chicken. Transportation costs were $3 per chicken, as expected. Prepare the journal entry to record the year-end adjustment required under IAS 41. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts.) Date Account Titles and Explanation Debit Credit June 30