On January 1, 2023, Dino Corporation makes an investment in a new factory. They provide you with the following information: Cost of the factory, paid by issuing shares Legal fees related to the factory purchase, paid in cash Cost of open house of the new factory, paid in cash The factory has an estimated useful life of: and no residual value $ 52,360,000 159,000 33,000 20 years At the end of its useful life, the factory needs to be dismanteled. The company provided you with the following information: Estimated asset retirement obligation Discount rate Assume the company applies IFRS. Required: 1) Prepare the journal entry to record the transaction on January 1, 2023. 2) Prepare the required adjusting entries on December 31, 2023 and December 31, 2024. 3) At the beginning of 2027 , the company changed its estimate of the asset retirement obligation as follows: Total amount $ Discount rate Prepare all journal entries relative to this project for the year 2027. $16,000,000 6% 4) On January 15,2043 the actual asset retirement costs amount to $18,000,000. Prepare the journal entry to record the realization of the ARO