Hi, Please answer the following:

Question 1 Magpie Lid uses many kinds of machines in its operations. It constructs some of these machines itself and acquires others from the manufacturers. The following information relates to two machines that it has recorded in the 2020-21 period. Machine A was acquired, and Machine B was constructed by Magpie Ltd itself. Machine A Cash paid for equipment, including GST of $6,400 $70,400 Costs of transporting machine - insurance and transport 2,400 Labour costs of installation by expert fitter 4,000 Labour costs of testing equipment 3,200 Insurance costs for 2020-21 1,200 Costs of training for personnel who will use the machine 2,000 Costs of safety rails and platforms surrounding machine 4,800 Costs of water devices to keep machine cool 6,400 Costs of adjustments to machine during 2020-21 to make it operate more efficiently 6,000 Machine B Cost of material to construct machine, including GST of $5,600 61,600 Labour costs to construct machine 34,400 Allocated overhead costs - electricity, factory space etc. 17,600 Allocated interest costs of financing machine 8,000 Costs of installation 9,600 Insurance for 2020-21 1,600 Profit saved by self-construction 12,000 Safety inspection costs prior to use 3,200 Determine the amount at which each of these machines should be recorded in the records of Magpie Ltd. Recorded cost of Machine A $ Recorded cost of Machine B $