Leases-cemara Lessor-cermai bhd Question 6 Cemara Bhd sells and leases out a plant. On 1 January 2019, Cemara Bhd entered into a three year non-cancellable lease with Cermai Bhd on the following terms: I. Lease rental is RM28,000, payable annually in advance. The initial direct costs of RM4,200 incurred in commission and legal fees are to bome by Cemara Bhd and charged to the Statement of Profit or Loss on a systematic basis. ini. The interest rate implicit in the lease with Cermai Bhd is 18%. Iv. There is a guaranteed residual value of RM14,000 by Cermal Bhd. v. The fair value of the machine is RM80,358. Required: a) Prepare the related journal entries for the year 2019 for Cemara Bhd. b) Prepare the extract of Cemara Bhd's Statement of Profit and Loss and Other Comprehensive Income for the year ended 31 December 2019, 2020 and 2021. c) Prepare the extract of Cemara Bhd's Statement of Financial Position as at 31 December 2019, 2020 and 2021. (include the notes to the financial statement in relation to the lease)