Please help me provide a step by step solution pls for problem 22-1 and problem 22-8. The question is provided in the picture. pls read

Problem 22-1 (IFRS) Forester Company provided the following assets in a forest plantation and farm: Freestanding trees 5,000,000 Land under trees Roads in forest 600,000 300,000 Animals related to recreational activities 1,000,000 Bearer plants 1,500,000 Bearer animals 2,000,000 Agricultural produce growing on bearer plants 800,000 Agricultural produce harvested 1,200,000 Plants with dual use 1,400,000 1. What total amount should be reported as biological assets? a. 7,800,000 b. 7,200,000 c. 8,400,000 d. 9,200,000 2. What total amount should be included in property, plant and equipment? a. 4,600,000 b. 3,400,000 c. 1,800,000 d. 4,200,000 Problem 22-8 (IFRS) Dairy Company provided the following information for the current year: Cash Trade and other receivables Inventories Dairy livestock immature Dairy livestock mature Property, plant and equipment, net Trade and other payables Note payable long-term Share capital 1,000,000 Retained earnings - beginning Fair value of milk produced Gain from change in fair value Inventories used 140,000 Staff costs Depreciation expense 15,000 Other operating expenses 190,000 Income tax expense 55,000 500,000 1,500,000 100,000 50.000 400,000 1,400,000 520,000 1,500,000 .800,000 600,000 50,000 120.000 a. doo 1. What amount should be reported as net income for the current year? 650,000 b. 600,000 c. 130,000 d. 185,000 2. What is the fair value of biological assets at year-end? 550,000 b. 450,000 500,000 d. 400,000 a c