Tuntas Bhd involves in plantation and cultivating orchard business since 2016. The company's financial year end is on 30 June. Tuntas Bhd purchased a piece of land that consist of 200 durian trees on 31 December 2020. The market value of the land, durian trees and durian fruits attached to the trees was RM500,000. On that date, the land's market value was RM300,000. The company's account executive recorded the total amount of purchase as a biological asset. After the transaction completed, Tuntas Bhd made a revaluation of durian fruits on the trees and recorded the value as agricultural produce at RM100,000. On 1 April 2021, the value of durian harvested from the trees was RM40,000. The transportation cost and commissions to dealers were RM750 and RM2,000, respectively. The value of durian fruits which amount RM37,250 was recorded as inventory based on MFRS 102 Inventories. These harvested durians were sold at RM55,000. At the end of the reporting period for the year 2021, the durian on the trees was valued at RM105,000. REQUIRED: (a) Identify the error(s) (if any) in accounting treatment occurred in Tuntas Bhd for the transactions during the year 2020 and 2021. (b) (2 Marks) Assume that the above transaction is not yet recorded. As the company's accountant, prepare the correct journal entries for the transactions in 2020 and 2021 for Tuntas Bhd. according to MFRS 141 Agriculture and other related accounting Standards (if any). (11 Marks) (c) Identify the appropriate accounting standard to apply for durian trees. Justify your answer. (2 Marks)