Transaction/event 1: Sale of a division (4 marks) Surf Ltd has a division which provides civil works contracts to mining companies. As a result of increased costs and lower margins in mining contracts, on July 17 2023, Surf Ltd's directors made the decision to sell its mining civil works division to another organisation to allow it to focus on expanding its road and rail construction contract business. As Surf Ltd has several long-term mining civil works contracts and its management team, long-term employees and know-how are highly regarded, the company estimated that it should expect proceeds from the sale to be in the order of $30 million (being the market value of all assets and liabilities to be sold)