Refer to the following list of various products: Required: 1. In this list, identify those items that qualify as a biological asset, as agricultural produce, and as assets that result from secondary production (IFRS). 2. Explain how each of the three types of assets is recognized and reported. Refer to the following list of various products: Required: 1. In this list, identify those items that qualify as a biological asset, as agricultural produce, and as assets that result from secondary production (IFRS). 2. Explain how each of the three types of assets is recognized and reported