On March 1,2023, Bridgeport Corp. acquired a 10-unitresidential complex for $1,263,000, pald in cash. An independent appralser 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 $325,200. Beldgeport estimates that straight-line depreciation would best reflect the pattern of benefits it will receive from the building. Fair value of the complex, as assessed by an independent appraiser on each date, is as follows: The complex qualifies as an investment property under IAS 40 imvestment Property. Bridgeport has a December 31 year end. Prepare the journal entries required for 2023,2024 , and2025, assuming that Bridecport applies the far value model to an of its investment property, (Credle sccount tides are automatically lndented when the amount is entered, De not indent manually, if no entry is required, seloct "No Entry" for the occount tities and enter ofor the amounte. Ust alf debut entrles before credit entries, Recond entries in the onder presented in the problem. Prepare the journal entries required for 2023,2024 , and 2025 , assuming that Beldyeport applies the cost model to all of its investment property. (Credit account tides are automaticolly indented when the amount is entered, Do not indent manually. if no entry is required, seicet "No Entry" for the ocoount tibes and enter O for the amounts. List all deblt entries before crebit entries. Rouind onewers to 0 decima/ places, es. 5,275, Record entries in the order presented in the problem.)