Question On 20 June 2019, lah Islamic Bank braght 10 Toyota can fem Japan manufacture at a cost 10,000 each. The cost of freight from Japan to Bahram was 20,000 and the cost of sport to Bask's wameuse 1.900 with additional cost registration 2,000 for the car Rahmin Islamic Bank will lease the can to their castemen based on yakas of tees and condition. At the end of year, due to newer comparable model of can coming from Heads, the valeof the can reduced from its original cost around 20% Durg the year, by using operational gama ceatact Bahrain Islamic Bank managed to lease all is car for two year with mostly matal 300 per carto maxrask starting from July 2019 and Ithmaac Bank need to payable yearly in advance During the year, received to payments on accoast, and 31 December 2019 as the second payment. The legal costs of the liana and 5,000 which Bahna Idans Bank and the conteer aged to share equsly. The Bes considered the legal costs immaterial Based on the agreement of gama Bahram Ime Bank will be responsible race pis on the car such as theft, fine and comics dama Amant 200 perant per year. Meanwhile, the was responsible for 3 party damage inace such as regalar maintenance and feel. The bank was pead the whole year of ace pen on 1*July 2019 On 1" October, the manufacturer recalled the car for some major repairs to be undertaken on Toyota can Bahan Islamic Bank informed the cater to all the can for to the manufacture On 31 October the cas were handed back to the customer. Therefore, Bahmin Islame Bank depreciates its car vehicle on a straight line has ever five yean wth ad madal vale and financial year end in ox 31 December Assets held for less then mothe not deprecated for the math Required: (35 marks) 3. Prepare the necessary journal entries is the books of Bahmm Islame Bask forgarh contract based en FAS No b. Prepare an extract of the balance sheet and come statement of Bahrain Islamic Bank on 31 December 2019 arlated to the above One the comment on the priftabley of the jaah costract based on transaction above for Bishalmic Bank