Mc Jah Bhd holds simple equity investments in several companies. The company uses the fair value method to account for its investment assets. The cost and fair value of each investment in December 2023 are shown in the table below. All the investments are classified as trading. Investment Aflin Bhd (5,000 units shares) Cost (RM) Fair value (RM) 215,000 200,000 Monty Bhd (3,500 units shares) 133,000 140,000 Eastwood Bhd (1,000 units shares) 180,000 179,000 Following are transactions about the investments that occurred during the financial year of 2023: 1. In February 2023, Mc Jah Bhd sold all units of investment in Aflin Bhd for RM54 per share. 2. On July 1 2023, Mc Jah Bhd acquired 3,000 units of shares in Patriot Bhd for RM54.50 per share. 4 3. It has been determined that the fair value for each equity investment on December 31, 2023 was: Monty Bhd RM106,000 Patriot Bhd RM132,000 Eastwood Bhd RM193,000 Required: a) Determine whether gain or loss arising from the sale of investment in Aflin Bhd and prepare appropriate journal entry to record the sale transaction. b) Prepare journal entry to record the purchase of investment in Patriot Bhd. c) Determine gain/loss arising from fair value adjustment on December 31, 2018 and 2019 and please prepare journal entries to record the adjustments for the both years.