OT:56:10 Question 8 of 14 -13 Marin Ltd. is a publicly listed company following IFRS. Assume that on December 31, 2020, the carrying amount of land on the statement of financial position (SFP) is $535.000. Management determines that the land's value in use is $460.000 and that the air value less costs to sell is $370.000 Using the rational entity impairment model, prepare the journal entry required, if any, to record the impairment loss. (Condit 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 for the amounts.) Debit Credit Date Account Titles and Explanation December 31, 2020