Question 2 Honeybee Company began operations on June 1, 2020, with the purchase of 300 hives for $300,000. It has completed the first year of operations and has the following information for its hives at the end of its fiscal year, May 31, 2021: Hives Change in fair value due to growth and price changes $27,000 Increase in fair value due to harvest 12,800 Honey harvested during the fiscal year to May 31, 2021 (at net realizable value) 225,500 Required: Prepare all the journal entries for which information is provided for Honeybee's bio agricultural assets (beehives) for the fiscal year