Manufacturer's base price Trade discount (applying to base price only) Freight charges Electrical installation costs Staff training in use machine Pre-production testing Purchase of a three-year maintenance contract Estimated residual value the Tonowing termiss 1,050,000 20% 30,000 28,000 40,000 22,000 60,000 20,000 Estimated useful life of the machine is 8 years. Dearing depreciates plant and machinery straight line over the useful life of the asset. (d) Prepare extracts from the statement of profit or loss and the statement of financial position for the above machine for each of the three years 30 September 2017, 2018 11 marks and 2019