Dear Tutors, please help to answer this question based on MFRS 108. Please change the retained profit as at 01 January 2004. Thank you

JESTION 1: During the current year ended 31 December 2004, ABU Bhd revised its accounting measurement on investment property from the cost model to the fair value model. The cumulative effect due to the change of measurement of investment property for the prior years cannot be determined. At the beginning of the current year, the carrying amount of the investment property was RM 200 million. The fair value on that date was RM 250 million. At the end of the current financial year, the fair value was determined at RM 300 million. Retained profit b/d as at 1 January 2022 was RM 600 million. (Ignore tax effects) Required: (a) Explain whether the transaction can be recognized as a change in accounting policy under MFRS 108. (4 marks) (b) Prepare the adjustment journal entries for the changes in accordance with the relevant standards. (10 marks) (a) Extracted Statement of Changes in Equity and Statement of Profit or Loss for the year ended 31 December 2004. (6 marks)