Bramble Corporation issued $700,000 of bonds on January 1, 2023, with interest payable each January 1. The bonds' carrying amount on December 31, 2023, is $744,377.35. Bramble has chosen to apply the fair value option in accounting for the bonds. An assessment of the company's credit risk at December 31, 2023, shows that it has increased. As a result, the bonds' fair value is $732,000 on that date. Bramble prepares financial statements in accordance with IFRS. Prepare the journal entry to revalue the bonds under the fair value option under (1) IFRS and (2) ASPE. (Round answers to 2 decimal places, e.g. 5,275.21. 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. List all debit entries before credit entries.) No. Account Titles and Explanation 1. IFRS 2. ASPE Debit Credit