i) Sakura Manufacturing Bhd. purchased a plant at a gross cost of RM1.6 million on 1 October 2019. The plant has an estimated economic life of 10 years with its residual value equal to 10% of its gross cost. Sakura Manufacturing Bhd. uses straight line method to depreciate the plant. At the time of its purchase, the company received a government grant of 30% of its cost price. One of the terms of the grant is that if the company retains the plant for five years or more, then there is no repayment liability. If the company sells the plant within one year it has to repay 75% of the cost. This amount decreases by 20% in succeeding years. Sakura Manufacturing Bhd. has no intention of disposing of the factory within five years. Its policy for capital-based government grants is to treat them as deferred credits and release them to income over the life of the asset to which they relate. Required: Prepare extracts of statement of profit and loss and other comprehensive income and statement of financial position for Sakura Manufacturing Bhd. For the reporting period of 31 March 2020 in respect of the plant and grant in accordance to MERS 120 Government Grants (15 marks)