PART A The whole world was facing an epidemic, COVID-19 in the year 2020. On March 15, the Malaysian government announced a special grant to purchase equipment for those who are willing to manufacture a special suits for the frontliners fighting the disease. YY Sdn Bhd applied for the grant and received the approval for RM30,000 to purchase the equipment on 20 March 2020 . The equipment cost RM70,000 and YY began manufacturing the suits beginning 1 April 2020 . The grant was received on 15 April 2020. The equipment was expected to have a useful life of 3 years with a scrap value of RM10,000. YY uses the writeoff against asset method. YY's year end is 30 June. They depreciate their equipment on a straight line basis. Required: Prepare the journal entries to record the purchase of the equipment, the grant and the depreciation for the year ended 30 June 2020. ( 6 marks)