Nona Farm Heritage Bhd. purchased 5,000 cattle at a cost of RM6,000,000 from JB Dairy Bhd. on 1 June 2016. Nona Farm's financial year-end is 31 December. It is estimated that the fair value of cattle in the market on 31 December 2016 is RM6,200,000. The company estimates that commission to dealers is about RM10,000 if they decide to sell the sheep and the transport costs to bring the cattle to the market is about RM30,000. Required: Show how the above transactions are recorded in the financial statements of Nona Farm Heritage Bhd. as at 31 December 2016. The