Nerang Orange Farms Ltd Has Orange Trees That on 30

Nerang Orange Farms Ltd has orange trees that on 30 June 2012 had a fair value of $1 600 000.On 30 April 2013,oranges with an estimated market value of $300 000 were picked.The costs of picking,sorting and packing paid in cash amount to $150 000.The oranges were sold on the same day for $310 000.An independent valuation on 30 June 2013 reports that the estimated fair value of the orange trees is $1 500 000.What is the journal entry to recognise the harvest of oranges on 30 April 2013?

A)
$$\begin{array} { | l | l | l | l | } \hline \mathrm { Dr } & \text { Inventory—oranges } & \$ 310000 & \\\hline \mathrm { Cr } & \text { Revenue-harvest of oranges } & & \$ 310000 \\\hline\end{array}$$
B)
$$\begin{array} { | l | l | l | l | } \hline \mathrm { Dr } & \text { Inventory-oranges } & \$ 300000 & \\\hline \mathrm { Cr } & \text { Revenue-harvest of oranges } & & \$ 150000 \\\hline \mathrm { CR } & \text { Cash } & & \$ 150000 \\\hline\end{array}$$
C)
$$\begin{array} { | l | l | l | l | } \hline \mathrm { Dr } & \text { Inventory–oranges } & \$ 310000 & \\\hline \mathrm { Cr } & \text { Orange farm (asset) } & & \$ 310000 \\\hline\end{array}$$
D)
$$\begin{array} { | l | l | l | l | } \hline \mathrm { Dr } & \text { Orange farm (asset) } & \$ 300000 & \\\hline \mathrm { Cr } & \text { Revenue-harvest of oranges } & & \$ 150000 \\\hline \mathrm { CR } & \text { Cash } & & \$ 150000 \\\hline\end{array}$$