PT Palugada is the largest and integrated agricultural company. As of December 31, 2020, the entity has the following biological assets: 1. Have 10 dairy cows that are already producing. The entity receives benefits in the form of fresh milk from the cow. 2. Have 100 chickens that are sold as chicken pieces. A total of 30 of them have been harvested and stored in the warehouse. 3. Have a mango plantation of 50 hectares with a total plant population of 100 immature trees and 200 mature trees (already bearing fruit). A mango tree will bear fruit in year 3 from the initial planting, and after that it will produce mango fruit for the next 7 years. In addition to the three biological assets, the Entity also owns 100 buffaloes which are intended to be harvested for meat and sold to third parties. The following are transactions that occurred throughout 2020 related to the buffalo's biological assets:

Dates	Transaction	Expenditure
1 January 2020	Cost of buying buffalo chicks	100,000,000
30 June 2020	Buffalo flu vaccine cost	15,000,000
1 July 2020	Maintenance and fattening costs during semester 1	50,000,000
1 November 2020	Land rent for pasture. The lease is valid for the next 24 months.	24,000,000

Based on the results of an independent assessment, the value of 100 buffalo owned by the entity is worth IDR 3 million per head. And based on estimates, the cost incurred to sell the buffalo is IDR 500 thousand per head.

Instructions: a. Explain the accounting treatment for each company's biological assets including related agricultural products! (Hint: Identify whether biological assets and related agricultural products fall within the scope of PSAK 69) b. Keep a journal for the year 2020 related to the entity's buffalo biological assets! (Hint: Can use both asset and expense approach) c. If buffalo is harvested by the entity on January 1, 2021 and sold to a third party on January 15, 2021 at a price of IDR 3.5 million per head, prepare journals related to transactions throughout 2021