Kingbird Assets Inc., a publicly listed company, has a building with an initial cost of $371,000. At December 31,2023, the date of revaluation, accumulated depreciation amounted to $113,000. The fair value of the building, by comparing it with transactions involving similar assets, is assessed to be $283,800. On January 5,2024 , Kingbird sold the building for $278,800 cash. Prepare the journal entry to record the sale of the building after having used the cost model. (Credit account titles are automatically indented when the amount is