You are an accountant of Kepong Ltd a Malaysian company listed on the Bursa Malaysia. The company is an importer of goods from overseas markets. The company's financial year ends on 30 June 2021. The company entered the following transactions during the year. a) Kepong Ltd purchased inventories from a Hong Kong supplier for HK$300 000. The title to the goods passes to the company on delivery. The payment for the inventories is in three equal instalments. The following exchange rates are applicable: 22 April 2021 Date of order for inventory M$1 = HK$8.00 30 April 2021 Date of delivery for inventory M$1 = HK$8.50 31 May 2021 1st payment M$1 = HK$8.56 30 June 2021 2nd payment M$1 = HK$8.59 31 July 2021 3rd payment M$1 = HK$8.94 Required In accordance with AASB 121, prepare the journal entries of Kepong Ltd to account for its foreign currency transactions. (12 marks) b) What is the indicator to determine the functional currency of an entity? (8 marks)