Question 1. On Jan 12022 Ys Ghana Limited acquired a machine from Plant Ghana Limited under the following terms: In addition to the above information, Ys Ghana Limited was granted a trade discount of 10% on the initial list price of the machine and a settlement discount of 5% if payment was received within one month of purchase. Yucca Co paid for the machine on 25 March 200. Required Explain how the above information should be accounted for in the financial statements of Ys Ghana Limited for the year ended 31 January 2022