Masendeke having retired from formal employment decided to take up livestock farming activities. In January $2017$ Masendeke made the following livestock purchases using a bank loan and commercial ranching activities.

Head Class cost fsv

$1$ stnd bull $4200-$

$1$ stnd bull $5200-$

$120$ cows $360000480$

$100$ heifers $80000360$

$70$ tollies $44800360$

$90$ oxen $64800400$

$60$ calves $12000160$

$442571000$

Between June and August $2017$ the following took place:

$72$ births

$12$ deaths $(4$ tollies, $2$ heifers and $6$ oxen$)$

$40$ sales $(10$ tollies, $15$ heifers, $5$ oxen, $10$ calves$)$ realizing $$1500000.$

The following movements in growth took place between January and December $2017.$

$30$ calves became tollies;

$10$ calves became heifers

$10$ heifer become cows

$20$ tollies became oxen

The cost of running the head tolled $$750000.$ The commissioner General has approved the FFSV shown above. Masendeke has elected to use minimum purchase price method in valuation of bulls.

Required

Using the information provided, prepare the following as at $31$ December $2017.$

$1.$ Livestock reconciliation statement

$2.$ Livestock trading account for the period. $[25]$