Part III In August 2020, Rathbone Ltd purchase 20,000 $1 listed equity shares of Steel Ltd at a price of $4 per share. Transaction costs were $2,000. At the year end of 31 December 2020, these shares were trading at $5.50. The investment in Steel Ltd is a strategic decision and as such, Rathbone Ltd does not have intention to sell the shares of Steel Ltd in the near future. Required: Provide the accounting entries to account for initial and subsequent measurement of the share investment in Steel Ltd, in accordance with IFRS 9 / AASB 9 Financial Instruments. (narrations are not required) (4 marks) ANSWER HERE: Date Account Name Debit Credit