Aydin Ltd commences mining operations on 1 July 2019. During the first year of exploration and mining operations. Aydin Ltd esplores thet areas than Gifford Hill, Tallawang and Fingal. It incurs the following costs: Exploration and Evaluation costs: PPE [Smillion) Exploration and Evaluation costs: intangible asset Smillion Total site coses Smillion) 13 6 19 Gifford Hill Tallawang Fingal 7 4 11 4 11 14 17 31 On 10 January 2020, uranium is discovered at Gifford Hill in March 2020 it becomes too costly to continue operations at Tallawang This site is abandoned Operations at Fingal are continuing although no decision has been made about the commercial ability of the site. Up until 30 June 2020, development costs of $12 million are incurred at Gifford Hill (to be depreciated/amortised on a production output basis. This cost relates to the construction of plant and equipment. The site is estimated to have 50 000 tonnes of uranium. The current sale price is $3000 per tonne. Up unti 30 June 2020, 5000 tonnes of uranium are extracted at a production cost of $2 million in June 2020,4000 tonnes are sold with 1000 remaining on hand. The reporting date of Aydin Ltd is 30 June 2020. Required: Provide the journal entries using the area of interest method. Show all workings