Pine Co, owns a bulling in Edmonton, Alberta Pine Co enters into an agreement with Maple Inc, whereby Pine Co will sell the bulding, excluding the land that it sits on, to Maple inc and simultaneously will lease it back. The detants are as follows: - The original cost of the building was $15 million, it is 60% depreciated. - Maple Inc agrees to pay Pine Co $12 mition for the bulding, which is the fair value at the time of sale. - Mople Inc. agrees to lease the bulding to Pine Co for 20 years. The annual lease payments are $11 million, due at the end of the year - There is no residual guarantee expected to be paid. - Pine Co will pay all the operating, maintenance costs, including taxes and insurance. - The effective date of the agreement is 1 .January 203. Pine Co's effective borrowing rate is 8% Required: Prepare the journal entry to record the sale on 1 January 203 using IFRS. (If no entry is required for a transaction/event, select "No journal entry required" in the first occount field.)