Roschill Limited bought an office building on 1 January 2015 for $40,00,000. The useful life of the building was determined to be 30 years with an estimated residual value of $4,000,000. Depreciation is prorated on a monthly basis where relevant. On October 1, 2018 the company decided to rent the building to Holborn Limited for the next five years. At this date the property had a fair market value of $50.000.000. The revaluation of the property is to be accounted for under IAS16 before the property is to be transfer to investment property under IAS40, using the revaluation model. At 31 December 2018 the market value of the property is $52,000,000. a. Prepare Rosehill's Statement of Financial Position extract as at December 31, 2018 (5 marks) b. Prepare Rosehill's Statement of Comprehensive Income extract for the period ended (5 marks) December 31, 2018. c. Herron Limited bought a piece of land five years ago, which it has held ever since. Explain (2 marks) how it should be accounted for in the books of accounting