QUESTION 2 SF Poultry Bhd (SF) is a company that carries out agriculture-related business-like crop farming, livestock farming and trading of agriculture products. The company started business operation in July 2014. On 1 February 2020, SF acquired a piece of land for RM1,500,000 to grow goslings and planting pineapples. At the end of 2020, the company had 20,000, 6 months old geese. The following transactions occurred for the year ended 31 December 2021 related to the geese. Additional information: 1. The fair value of the geese are as follows: 2. Financial year end for the company is 31 December each year. REQUIRED: (a) Explain the method for measurement of biological assets in accordance with MFRS 141 Agriculture for the following conditions: (i) An active market exists. (ii) An active market does not exist. 3 (b) Prepare all related journal entries for livestock farming for the year ended 31 December 2021. (c) Prepare a Statement of Comprehensive Income (Extract) for the year ended 31 December 2021