b. Whizz Bhd, a manufacturing company entered into a cash-settled share-based payment to acquire equipment from Wonder Bhd. Whizz Bhd started negotiation to purchase the equipment on 1 April 2021. It was agreed on 30 May 2021 that the settlement for the acquisition would be made based on 50,000 shares of Whizz Bhd. The equipment was delivered to Whizz Bhd on 1 August 2021, and the fair value of Whizz Bhd's, shares on that date was RM5.00 per share. Whizz Bhd received the equipment on 30 September 2021 when the fair value of Whizz Bhd's, shares was RM4.50 per share. The fair value of Whizz Bhd's, shares on 31 December 2021 was RM4.30 per share. It was estimated that the equipment would be used for five years and depreciated on monthly basis. Required: Prepare journal entries on the acquisition of equipment by Whizz Bhd. (5 marks)