Please consider this is Canadian Accounting

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AWM Industries Limited purchased a strip mine for cash on April 1, 2023 at a cost of $5,317,000. AWM expects to operate the mine for 10 years, at which it is legally required to restore the surrounding area to its original state. It is estimated that it will cost $472,000 to do this at the end of the mine's useful life. The company's year-end is Decernber 31, and AWM follows ASPE, and uses 5% as an effective interest rate. Required (10 marks) a. Prepare the journal entry to record the purchase of the mine and to record the asset retirement obligation for the mine on April 1, 2023. b. Prepare any journal entries required for the mine (straight-line depreciation) and the asset retirement obligation at December 31, 2023, and at December 31, 2024. The estimated residual value of the mine is zero