Sharp Ltd purchases inventory from Ace 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 Sharp 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:

1. Given the same events as in , assume that, instead of inventory, the purchase is plant and equipment, which is installed ready for use on 15 July 2019 when the rate is still A$1.00 = 0.42. Prepare appropriate journal entries for each relevant event, up to 15 July 2019. (Round amounts to the nearest dollar) (4 marks)