Nerang Orange Farms Ltd has orange trees that on 30 June 2012 had a fair value of $1 600 000. On 30 April 2013, oranges with an estimated market value of $300 000 were picked. The costs of picking, sorting and packing paid in cash amount to $150 000. The oranges were sold on the same day for $310 000. An independent valuation on 30 June 2013 reports that the estimated fair value of the orange trees is $1 500 000. What is the journal entry to recognise the harvest of oranges on 30 April 2013? Select one: O a. Dr Inventory: $300 000 Cr|P&L (picking and packing costs): $150 000 Cr Cash : $150 000 o b. Dr Inventory -organges: $310 000Cr Orange farm (asset): $310 000 O c. Dr Orange farm (asset): $310 000 Cr|P&L A/C - harvest of oranges: $150 000 Cr Cash: $150 000 O d. Dr Inventory: $310 000 CrP&L: $310 000