QUESTION (53 marks) Blue Crane Ltd is a large manufacturing company with a 31 December year-end. The company consists of various divisions that each manufacture a specific product. One of the company's divisions specialises in the manufacturing of various types of potato chips and Blue Crane Ltd has a very special recipe that they use the manufacture of their potato chips. Due to this special recipe, there is a very high demand for Blue Crane Ltd's potato chips. The board of directors decided that they needed to expand their potato chip manufacturing division to keep up with the high demand for these particular products. For this expansion, the construction of a brand-new manufacturing plant was approved by the board of directors. At the latest board meeting. the management accountant prepared a presentation showing the costs incurred during the construction of the manufacturing plant between 1 January 2024 to 31 July 2024. The following costs were incurred to construct the manufacturing plant Note Rand Raw materials 5 000 000 Labour costs 1 000 000 Provision for dismantling costs ? Machine ? Supportive base 250 000 Note 1 -Raw materials The raw material purchases are made up of R3 500 000 purchased from extemal suppliers and R1 500 000 of raw materials tran sferred from one of Blue Crane Ltd's other manufacturing divisions. The R1 500 000 includes an inter-divisional markup of 15% on the cost.Note 2- Provision for dismantling costs The manufacturing plant structure is estimated to have a useful ife of 20 years and no residual value. At the end of its 20-year useful life, the structure will be dismantled and a provision for this cost must be recognised. The expected future dismanting costs fet after 20 years amounts to R1 300 000. The market-related interest rate applicable for similar transactions is considered to be 6% per annum.1.1 Prepare extracts from the statement of financial position as at 31 December 2024 for Blue Crane Ltd showing all the balances relating to the manufacturing plant structure, refer to notes 1 and 2. Comparative fiqures are required and notes to the financial statements are not reguired. (20 marks)​