Blue Spruce Corp. erected and placed into service an offshore oil platform on January 1, 2023, at a cost of $11 million. Blue Spruce is legally required to dismantle and remove the platform at the end of its eight-year useful life. Blue Spruce estimates that it will cost $1.1 million to dismantle and remove the platform at the end of its useful life and that the discount rate to use should be 10n. Using (a) factor Table A.2, (b) a financial calculator, or (c) Excel function PV, prepare the entry to record the asset retirement obligation. Assume that none of the $1.1 million cost relates to production. (Round foctor volues to 5 defcimal ploces es. 1.25124 and final answer to 0 decimal places, es, 5.275. Credit account titles are automatically indented when the amount is entered. Do not indent munuallix. List debit entry before credit entry. If no entry is required, select "No Entry" for the occount titles and enter Ofor the amounts)