On October 1, 2023, Ivanhoe Airways Ltd. purchased a new commercial aircraft for a total cost of $104.00 million. Included in the total cost are the aircraft's 2 engines, at a cost of $10.40 million each, and the aircraft's body, which costs $83.20 million. The estimated useful life of each of the aircraft's 2 engines is 10 years, with a residual value of $1.04 million. The estimated useful life of the aircraft's body is 10 years, with a residual value of $5.20 million. The entire aircraft's useful life is limited to the life of the aircraft's body. (a) Prepare the journal entries required on October 1, 2023, and December 31, 2023. if Ivanhoe Airways prepares financial statements in accordance with IFRS and uses straight-line depreciation. (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.)