Please assist in answering all questions below

IWP Ltd (The Institute for Wildlife Preservation) focusses on wildlife conservation and veterinary strategies. BigCat Ltd does research on various types of illnesses affecting wild cats. IWP Ltd acquired BigCat Ltd in order to expand on the business's capabilities. The information below represents the trial balances of IWP Ltd and its subsidiary, BigCat Ltd, as at 31 August 2022: Additional information 1. IWP Ltd acquired interest in both the ordinary share capital and preference share capital of BigCat Ltd as part of a business combination on 1 September 2020. 2. IWP Ltd acquired 105000 shares of the 150000 issued ordinary shares in BigCat Ltd and 55% of preference shares. The retained earnings of BigCat Ltd amounted to R1 100000 and the revaluation surplus amounted to R200 000 on date of acquisition. 3. The carrying amounts of all other assets and liabilities were deemed equal to their fair values on this date. Since the acquisition date, BigCat Ltd did not purchase any land or sell any of its property. It is the policy of the group to revalue land every second year. At the end of the current year, the land was revalued again. The issued share capital of both companies remained unchanged since acquisition. The preference share capital is classified as equity and no preference dividends were in arrears at acquisition date and in the year ending 2021. Assume each ordinary share carries one vote and that voting rights alone determine control. The group's policy is to disclose goodwill at cost less impairment in the consolidated financial statements. Goodwill was not impaired in the current year. 4. Since the acquisition date, IWP Ltd purchased its veterinary products from BigCat Ltd at a cost price plus 20%. On 31 August 2022 the inventory on hand in IWP Ltd's records included R350 000 of veterinary products purchased from BigCat Ltd (R400 00031 August 2021). The intragroup sales for the year amounted to R850 000. 5. On 28 February 2021, IWP Ltd sold a machine to BigCat Ltd and made a profit of R60 000 on this transaction. Plant \& Machinery is depreciated at 25% per annum on cost using to the straight-line method. 6. On 1 August 2021, BigCat Ltd entered into a loan agreement with IWP Ltd. They agreed that the capital amount is only payable on 31 August 2025. According to this signed agreement, BigCat Ltd will pay 10% interest on 31 August each year. All interest that occurred during the year was paid and received on 31 August 2022. The interest received is included in other income. 7. You may assume that profit after tax for BigCat Ltd amounts to R2 070000 for the year. Part C IFRS 10 is an accounting standard that provides guidelines to consolidate financial statements for group companies. The following questions relate to a transaction between companies within a group where a sale of a non-depreciable asset occurred in the current year