HHT Bhd has a portfolio of diversified investments. In 2020, the company made investments in two financial assets: 1. On 1 January 2020, HHT Bhd acquired 1,000,000 shares of MSG Bhd for RM0.55 per share and incurred a transaction cost of RM10,000. The shares were classified as fair-value-through profit and loss (FVTPL). At the financial year-end of 31 December 2020, the market value of the investment increased to RM600,000. On 1 January 2021, HHT Bhd sold the investment for RM625,000. 2. On 1 July 2020, HHT Bhd acquired another 1,000,000 shares for its second investment from MSG Bhd for RM0.775 per share. HHT Bhd has made an irrevocable election and incurred RM12,000 for the brokerage fees. At the end of the financial year-end 31 December 2020, the market value of the investment increased to RM790,000. On 1 January 2021, the investment was also sold for RM915.000. Required: b. Prepare the relevant journal entries to record the acquisition, the change in fair value and the derecognition of the financial assets above in the financial statements of 2020 and 2021. C. Based on your answer in (b), briefly explain the accounting treatment of the transaction costs, gain or loss on the derecognition of the financial assets above under the provisions of MFRS 9