Green Bhd ventured into agriculture activities beginning 1 January 2019. Among the business activities are maturing and breeding cattle for future market in Kluang. On 1 January 2019, Green Bhd owned 250 one (1) year old cattle. The following information relates to their agriculture activities for the year 2019: Date Particulars 1 January 2019 Twenty (20) two (2) year old cattle were purchased on credit. 1 July 2019 Fifteen (15) cattle aged two and a half (24) years were purchased paid cash. 1 July 2019 Two (2) cattle were bom All cattle become matured after one year. No cattle were disposed or sold during the period. General information about the fair value less cost to sell for immature and mature cattle is as follows: Date Age RM 1 January 2019 1 year old 280 1 January 2019 2 year old 325 1 July 2019 Newborn 265 1 July 2019 27 year old 341 31 December 2019 Newborn 269 31 December 2019 2 year old 31 December 2019 1 year old 300 31 December 2019 2 year old 335 31 December 2019 24 year old 347 31 December 2019 3 year old 365 The expenses incurred for agriculture activities for the year ended 31 December 2019 were as follows: Particulars RM Feed costs 10,000 Vitamins, chemicals and other supplies 17,000 Salaries and wages 3,500 Required: i. State the biological transformation of biological assets according to MFRS 141 Agriculture. (3 marks) 285 Compute the change in fair value of the cattle for the year ended 31 December 2019 by showing an analysis of change due to physical change and price change. State the carrying amount of cattle as at 31 December 2019. (11 marks) iv. Prepare extract of Statement of Profit or Loss for the year ended 31 December 2019. (4 marks) Prepare journal entries for the purchased of cattle in 2019. (5 marks) V