Requirement D. Yes-end balance of the biclerical assets (3 points) Chantity Fair Value Fair Age on Hand. At Value 12/31/202 12/31/2020 CTS 1.5-year old 15-year old US-year Requirement E: Reconciliation of the year-and balance of the biological agents. (3 point) SOLUTION January 1, 2020, Balance Purchase of January 1 Purchase on June 30 Change in FV less CTS due to Price Change Change in FV less CTS due to physical change Sales of biological assets December 31, 2020, Biological assets balanceRequirement B: Computation for the total change in FV CIs dueTo price change. (5 points) Die Re4. to physical Total Date Date ICT 1-yearga January January Soar old Hawbom June June JU Newborn Towl Grunge mi FV 54 CTS due to prop chuorgy Rel. Quanti Current Previous Do physical Total DIBEC EDAXO Jaryary January June 30 To change in FV ACTs due to phonecal change\fAccounting for Biological Assetsi The Company has the following animish on January 1, 2020: Twonly 2-year-olds Thirty 1-year-olds During the year, the Company made the following transactions A On January 1: 2030 the Company purchased the folowing for P60.DOO: Free 0.6 year oids Ton newborns B. On June 30, 2020. 10 animals were bom On June 30, 2020, the Company purchased the following for P40,000 Two 0 6-year-okla Eight newborn D On December 31. 2020 the Company sold the following M FV - CTS Ton 3-your-oids . Free 0 5-year olds The fair values lose cost to sell on different dates are as folows June 30. 2030 2yearold 21 000 S-year old 1-year old 13 000 -year old I-year old 13 500 22 DOO 0 5-year old 6 500 0 5 year old 7.000 1 6-year old 18:000 Newborn 2 500 Howbom 3.200 1-year old 14090 0 5-year old 8,000 Newcom 3910 Required A Journalize the above transactions plus the changes in FV CTS at your and Compute for the loud changes in FV-CTS due to price change. Compute for the total change in FV CTS due to physical change E Compute for the year-end balance of the biologicd Mitch Propane reconciliation of the year and balance of the biological assets