Question 1 In order to focus on its manufacturing division, the Board of Tanjong Bhd approved a resolution to close down its loss-making property division on 31 December 2022. The property division was available for immediate sale. Tanjong Bhd has identified a potential buyer but has not succeeded in disposing of the property operation by 31 December 2022. The sale is expected to be completed by 31 March 2023. The cash flows, revenue and expenses relating to the property division were clearly distinguishable from Tanjong Bhd's other operations. The property division's carrying value as at 31 December 2022 were as follows: RM'000 Assets 400 Liabilities (140) 260 The fair value of property division as at 31 December 2022 were as follows: RM'000 Assets 350 Liabilities (140) 210 Required: a. Advise the directors of Tanjong Bhd. with reason, whether the closure of property division meets the definition of discontinued operation. (6 marks) b. Assess how the property division should be presented in the statement of comprehensive income of Tanjong Bhd. for the year ended 31 December 2022. (9 marks)