Blossom Corporation owns and manages a small 10-store shopping centre and classifies the shopping centre as an investment property. Blossom has a May 31 year end and initially recognized the property at its acquisition cost of $10.7 million on June 2, 2016. The acquisition cost consisted of the purchase price of $10 million, costs to survey and transfer the property of $475,000, and legal fees for the acquisition of the property of $225,000. Blossom determines that approximately 28% of the shopping centre's value is attributable to the land, with the remainder attributable to the building. The following fair values are determined Fair Value $10,650,000 $10,547,000 $11,159,000 Date May 31, 2017 May 31, 2018 May 31, 2019 Blossom expects the shopping centre building to have a 35-year useful life and a residual value of $1.4 million. Blossom uses the straight-line method for depreciation. Assume that Blossom decides to apply the cost model. What journal entries, if any, are required each year? (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Round answers to 0 decimal places, e.g. 5,275. Record journal entries in the order presented in the problem.,) DateAccount Titles and Explanation Debit Credit