MBM Bhd is a wooden furniture manufacturing company which supplies and sells wooden furniture in Sabah and Sarawak. The company closes its account on every 31 December. The following information is related to the equity and debt investments of MBM Bhd for the year ended 31 December 2021: 1. On 2 February 2021, the company acquired 40,000 shares of Tekun Bhd at RM2.50 per share and the transaction cost incurred was RM5,600. The investment represents less than 20 per cent interest and was classified as non-trading equity investment. 2. 3. 4. 5. 6. On 15 April 2021, the company purchased 20,000 shares of Amanah Bhd at RM4.15 per share, plus brokerage commissions of RM2,000. The company intended to sell the shares of Amanah in the early of 2022 to take advantage of the changes in the share prices. On 3 July 2021, the company purchased RM2,500,000 of 10% bonds for RM2,300,000. The bonds provide the bondholders with a yield of 12% market rate. The interest is paid on 1 January and 1 July each year. The bonds have been classified as held for collection and selling (HFCS). The company received a cash dividend of RM0.15 per unit of its investment in shares of Tekun Bhd at the end of 2021. The market value per share of Tekun Bhd and Amanah Bhd were RM2.30 and RM4.50 respectively, and the fair value of the bonds is RM2,250,000 at the end of 2021. MBM Bhd sold all shares of Amanah Bhd at the selling price of RM4.00 per share on 15 February 2022. REQUIRED: (a) Prepare journal entries to record the purchase, the dividend received and the fair value adjustment of investment in Tekun Bhd. (3 Marks) (b) Prepare journal entries to record the purchase, the fair value adjustment and the selling of investment in Amanah Bhd. (5 Marks) (c) Prepare the related journal entries of the debt investment for the year 2021. (4 Marks) (d) Explain THREE (3) benefits of how the financial assets will help companies to sustain the business during the Covid-19 pandemic. (3 Marks)