Roses Bhd. is a Company incorporated in Malaysia. The Company manufactures and wholesaler of modern furniture for home and office use. The Company has adopted a manufacturing technology from Japan and is subject to strict quality controls. Below is the trial balance of the Company for the year ended 31 December 2022: Additional information: 1. The Company constructed a three-story industrial building to lease to third parties. Construction began on 1 January 2021 and the accumulated construction cost that has been recorded until 31 December 2021 amounts to RM7,000,000. To finance the project, the Company obtained a bank loan of RM40 million on 1 October 2022. The bank loan carries an interest rate of 5% per annum. The construction was completed on 28 December 2022 and the following are the accumulated costs (including costs in 2021) associated with the building: At the end of the year, the market value of the building was RM50 million. Records have yet to be made to account for these transactions. The Company decided to capitalise on the interest paid. Investment property is initially measured at cost, which includes transaction costs. After initial recognition, investment properties are stated at fair value. REQUIRED: a. Discuss the appropriate accounting treatment for the industrial building for year ended 31 December 2022. Prepare the relevant journal entries. (Show relevant workings, narrations for the journal is not required)