Use the Following Information to Answer Questions
Cow Co

Use the following information to answer questions
Cow Co. is a company that farms dairy cattle. Cow Co. owns the farmland on which the cattle are located, having purchased it for £1.5 million in 2013. The land is measured at cost under IAS 16.
Details of cattle at 30 June 2015 were as follows:
$\begin{array}{lcc}&\text { Cows } & \text { Heifers } \\\text { Number }&900 & 200 \\\text { Fair value (less estimated costs to sell) }&£ 800 & £ 320\end{array}$ During the year ended 30 June 2016 the following occurred:
$\bullet$ 200 new cows were purchased at £810 each
$\bullet$ 50 heifers matured into cows
$\bullet$ 5 heifers died
$\bullet$ 100 cows were sold for £830 each
$\bullet$ The price change between a heifer and a cow at the time of maturity during the year was estimated to be £500
The following is relevant at 30 June 2016:
$\bullet$ The land has been valued at £5.6 million
$\bullet$ Fair value less estimated costs to sell are as follows (Cow Co. has determined that these are the appropriate fair values to use for the purposes of transfers and deaths of heifers) :
o Cows - £850 /head
o Heifers - £350/head
-The increase in fair value of livestock attributable to price change is:

A) £76 000
B) £57 000
C) £25 000
D) £6 000