Marcoola Ltd is a public company listed on the Australian Securities Exchange (ASX). It complies with the requirements of AASB 9'Financial Instruments', AASB 132 'Financial Instruments: Disclosure and Presentation and AASB 7 'Financial Instruments: Disclosures'. 4 Data relating to Marcoola Ltd's financial instruments have been extracted from its financial statements and are provided below. On 1 April 2021, Marcoola Ltd sold 12 All Ordinaries Share Price Index (SPI) futures contracts for speculative purposes. Marcoola Ltd paid an initial cash deposit of $75,000. The futures broker allowed a $1,800 decrease in value of the SPI futures contracts before making margin calls. Marcoola Ltd has a 31 May reporting date. On 1 June 2021, the SPI futures contracts were closed out. The following market price data are available. 2021:2 1 April 31 May 1 June Market value of shares $435,000 $439,680- $417,000 2021 SPI futures price 1,322 1,330 1,2654 $396,600 $399,000 $379,500- Market price (SPI futures price x 12 x $25) REQUIRED: Record these events and transactions in the books of Marcoola Ltd. (Show all working and provide any explanations necessary to support your answer). e 1 April, 20214 31 May, 2021 1 June, 20214 Marcoola Ltd is a public company listed on the Australian Securities Exchange (ASX). It complies with the requirements of AASB 9'Financial Instruments', AASB 132 'Financial Instruments: Disclosure and Presentation and AASB 7 'Financial Instruments: Disclosures'. 4 Data relating to Marcoola Ltd's financial instruments have been extracted from its financial statements and are provided below. On 1 April 2021, Marcoola Ltd sold 12 All Ordinaries Share Price Index (SPI) futures contracts for speculative purposes. Marcoola Ltd paid an initial cash deposit of $75,000. The futures broker allowed a $1,800 decrease in value of the SPI futures contracts before making margin calls. Marcoola Ltd has a 31 May reporting date. On 1 June 2021, the SPI futures contracts were closed out. The following market price data are available. 2021:2 1 April 31 May 1 June Market value of shares $435,000 $439,680- $417,000 2021 SPI futures price 1,322 1,330 1,2654 $396,600 $399,000 $379,500- Market price (SPI futures price x 12 x $25) REQUIRED: Record these events and transactions in the books of Marcoola Ltd. (Show all working and provide any explanations necessary to support your answer). e 1 April, 20214 31 May, 2021 1 June, 20214