Three new calves are born during the spring of 2023 to MilkyWay dairy farms. The fair value to sell the calves is $2,500. By the

summer of the same year, the overall value of the herd has increased by $3,100. The milk produced by the cows sells for $5,500.

MilkyWay is a privately held firm using ASPE. Which of the following is included in the entry to record the increased value of the herd?

O dr. unrealized gain of loss $2,500

O dr. biological assetg5 2,500

O No entry is required.

O dr. biological assets $3,100