Question 2 (20 marks) (a) Hup Leng Berhad sold a machine to Wong on credit on 1 January 2020. Wong paid RM2 million deposit on 1 January 2020 and it is not refundable. Besides, it makes 5 annual instalment payments of RM2 million effective from 31 December 2020. The implicit rate of interest is 10% for this transaction. The present value of an annuity of RM1 per period is as follows: Period 1 2 3 4 5 10% 0.9091 1.7355 2.4869 3.1699 3.7908 Required: Compute the following: (i) Sales revenue of the above transaction recognised in the year 2020. (ii) Interest income for each of the 5 years. (3 marks) (2 marks) (iii) Closing accounts receivable for each of the 5 years. (2 marks)