Question 4 (9 marks) Apple Limited holds 60% of the issued share capital of Banana Limited. During the year ended 31 December 2019, it transferred inventories of $1,000,000 at cost to Banana which subsequently sold the inventories to outsiders. Apple is in a higher income tax bracket than Banana. Banana holds, in tum, 40% of the issued share capital of Cherry Limited. It also provides essential technical expertise and information to Cherry for its operation. During the year ended 31 December 2019, Cherry was very successful and declared much dividends. Ox is a director of Banana and obtains a loan at favourable terms from an independent bank. Banana also guarantees the repayment of Ox' loan. Ox contributes to the success of Banana in the past. Required: With the above information, discuss and illustrate the importance of identifying related parties and disclosing related parties and transactions under HKAS 24 Related Parties Disclosure (9 marks)