Fujitsu Ltd purchases inventory from DFO Ltd, a listed British company. Relevant events and the spot rates at each date are shown as follows: Date	Event	Spot rate
15 March 2019	Order 300,000 of inventory	A$1.00 = 0.37
11 May 2019	Purchase takes place as inventory shipped to Fujitsu Ltd (FOB)	A$1.00 = 0.41
30 June 2019	End of financial year	A$1.00 = 0.43
02 July 2019	Inventory arrives at warehouse	A$1.00 = 0.42
14 August 2019	Payment of 300,000 to supplier	A$1.00 = 0.39

Required:

a) Prepare appropriate journal entries for each relevant event. (7 marks) (Round amounts to the nearest dollar). Show your working.

b) What is a qualifying asset? Provide two (2) examples. (3 marks, maximum 300 words)