On March 1, 2020, Riverbed Corp. acquired a 10-unit residential complex for $1,275,000, paid in cash. An independent appraiser determined that 75% of the total purchase price should be allocated to buildings, with the remainder allocated to land. On the date of acquisition, the building's estimated useful life was 25 years, with estimated residual value of $324,000. Riverbed estimates that straight-line depreciation would best reflect the pattern of benefits it will rective from the building. Fair value of the complex, as assessed by an independent appraiser on each date, is as follows: Date Fair Value December 31, 2020 $1,321,550 December 31, 2021 $1,254,550 December 31, 2022 $1.222.830 The complex qualifies as an investment property under IAS 40 Investment Property, Riverbed has a December 31 year end. Prepare the journal entries required for 2020 2021, and 2022, assuming that Riverbed applies the fair value model to all of its investment property. (Credit account bries are automatically indented when the amount is entered. Do not indent manually. If no entry is required select "No Entry for the account tries and enter for the amounts. Record entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Prepare the journal entries required for 2020 2021 and 2022, assuming that Riverbed applies the cost model to all of its investment property. (Credit account s 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 forth amounts. Round answers to o decimal places, e.o. 5,275. Record entries in the order presented in the problem.) Account Titles and Explanation 1. 2020