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Q3: KSA farmers company holds a drove of sheep. The company shears the sheep on a semiannual basis and then sells the harvested wool into the specialty knitting market. The company has the following information related to the shearing sheep at January 1, 2019, and during the first 6 months of 2019: Shearing sheep Carrying value (equal to net realizable value), January 1, 2019 74,000 Change in fair value due to growth and price changes 4,700 Change in fair value due to harvest (575)