Venture Limited borrowed $32,000,000 from the bank at an effective interest rate of 10% to construct a qualifying asset. The loan was received in full on 1 January 2019 and half on the money invested on that date at 7% interest. Construction of the asset commenced on 1 April 2019 and worked was suspended for the months of September and October 2019. The asset was completed and ready for use on 31 December 2019.

REQUIRED: Show the extracts from the Statement of Comprehensive Income and the Statement of Financial Position to record the information above.

Can someone please help me with this question? Ill immediately upvote for a speedy response. Thanks!