QUESTION $1$ On $1$ January $2020,$ Teguh Manufacturing Berhad $($TMB$)$ entered into an arrangement with Aqil Computer Berhad $($ACB$).$ TMB purchased $5$ laptops from ACB for RM$6,000$ each. Transportation cost of RM$100$ was charged by ACB to deliver the laptops. In the agreement, TMB will pay RM$3,200$ per month for the next $10$ months. TMB depreciates the laptops at $20\%$ per annum. A lawyer fees of RM$500$ was paid to execute the arrangement. TMB classified the lawyer fees as immaterial. TMB entered into another arrangement with Syakila Machine Berhad $($SMB$)$ on the same date. SMB will lease out a printing machine to TMB for RM$900,000$ for six $(6)$ years at a rental of RM$194,690,$ payable yearly in arrears. It was agreed that the machine should revert to SMB at the end of the six$-$year period when the estimated scrap value is nil. The lease is noncancellable and interest rate implicit in the lease is $8\%.$ Additional terms are inserted in the lease arrangement, whereby SMB will charge SMB $10\%$ interest rate per annum for all outstanding lease payments. In addition, SMB will repossess the machine for three $(3)$ consecutives of no lease payments. In the agreement, maintenance, and repairs rest with TMB$.$ A lawyer fees of RM$600$ was paid to execute the arrangement. TMB classified the lawyer fees as immaterial. The machine is depreciated at $10\%$ per annum. Required: a$)$ Differentiate between Short Term Lease and Low Value Assets Lease according to MFRS $16$ Lease. Illustrate both leases with an example. $(16$ marks$)$ b$)$ Explain how TMB should account for the above arrangement with ACB and SMB$.(4$ marks$)$ c$)$ Prepare a table for lease that TMB signed with SMB$.$ The table should be prepared until the end of the lease term. $(12$ marks$)$ d$)$ Prepare journal entries to record the two leases in the books of TMB from the year ended $31$ December $2020$ until $31$ December $2024.$ Show all your workings. $(20$ marks$)$ e$)$ Prepare TMB$$s extract of Statement of Profit or Loss and Statement of Financial Positions for the year ended $31$ December $2020$ until $31$ December $2024.(8$ marks$)$ Detailed and numerical nature of parts c$,$ d$,$I$\text{'}$d like to proceed with generic examples or specific calculations, and note that actual calculations require more detailed financial data FOR PART C$,$ D and E$.$