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C) prepare the extract of Seroja Bhd Statement of Financial Position as at 31 december 2019,2020 and 2021. (Include the notes to the financial statement in relation to the lease)

On 1 January 2016, Seroja Bhd purchased a machine costing RM840,000 and depreciated it on a straight-line basis over six years. On 1 January 2019, Seroja Bhd arranged a sale and leaseback. The machine was sold for RM509,148, which was the fair value. Seroja Bhd leased it back for three years at annual rental of RM180,000, payable in arrears. The interest rate implicit is 3%. Required: a) Prepare the related journal entries for the year 2019 for Seroja Bhd. b) Prepare the extract of Seroja Bhd's Statement of Profit and Loss and Other Comprehensive Income for the year ended 31 December 2019, 2020 and 2021