please assist with Part c required 1.4 and Question 2 required 2.1 and 2.2

Part Emma, public limited company, is a sports organisation which owns several football and basketball teams. It has a financial year end of 31 May 2019. Emma Lad needs a new stadium to host sporting events which will be included as part of Emma's property, plant, and equipment. Emma Led commenced construction of a new stadium on February 2019, and this continued until its completion which was after the year end of 31 May 2019. The direct costs were N$20 million in February 2019 and then N$50 million in each month until the year end. Emma Lad has not taken out any specific borrowings to finance the construction of the stadium, but it has incurred finance costs on its general borrowings during the period, which could have been avoided if the stadium had not been constructed. Emma Lada calculated that the weighted average cost of borrowings for the period 1 February to 31 May 2019 on an alised basis amounted to 9% per annum Required: 14 Discuss how the above event would be shown in the financial statements of 5 Emma Led under International Financial Reporting Standards QUESTION 2 (PROVISIONS, CONTINGENT LIABILITIES AND CONTINGENT ASSETS: IAS 37) (15 Marks) On 31 January 2017 the marketing director of Humana Ltd informed management of the possibility that the new logo of the company appearing on all its aircrafts will have to be changed after the complaints were received from its main competitor Nartjie Lid. The competitor claims that the new logo is very similar to their own logo and started legal proceedings against Banaan Lid. However, on 28 February 2017 the legal advisors of Banana Ltd are of the opinion that it is not probable that Nurtjie Lid will be successful with their legal claim against the company Afera review of the company's insurance policy covering possible claims from passengers for damaged or lost huge and light delays, the financial director of Bana Lul recommended that the company cancel their current insurance policy with Quicksilver Ltd on March 2015 and self- insure in future. Based on previous year's records, the financial director estimated that these claims from passengers amounted to approximately NS240 000 year. For the year ended 28 February 2016, 25 claims amounting to NS185 000 in total were submitted by passengers. On 28 February 2016, it was possible that these claims of NS185 000 would be successful. On 15 April 2016 the court ruled that the amount of NS178 000 should be paid for all the claims submitted during the previous financial year, which was subsequently paid out. Claims amounting to NS260 000 in total were submitted by passengers during the year ended 28 February 2017. The final outcome of these claims will be determined during the court hearings scheduled for April 2017. Ou 28 February 2017 the legal advisors of Banana Led advised the company that the possibility is remote that the company will be found liable for N$65 000 of the claims submitted during the current financial year due to incomplete records, Regaired: 2.1 Prepare Journal entries for the above-mentioned transactions in the books of 7 Banana Lid for the year ended 28 February 2017 22 Disclose the sbove transactions in the notes to the financial statements of 8 Banana Lid for the year ended 28 February 2017 according to the requirements of IAS 37: Provisions, contingent liabilities and contingent assets, Total 15