Swifty Corp. erected and placed into service an offshore oil platform on January 1,2023 , at a cost of $8 million. Swifty is legally required to dismantle and remove the platform at the end of its nine-year useful life. Swifty estimates that it will cost $0.8 million to dismantle and remove the platform at the end of its useful life and that the discount rate to use should be 9%. Using (a) factor Table A.2, (b) a financial calculator, or (c) Excel function PV. Ignore production related costs for this question. (a) Prepare any necessary adjusting entries that are associated with the asset retirement obligation and related expenses at December 31, 2023, assuming that Swifty follows IFRS. (Round answers to O decimal places, e.g. 5.275. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries, If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts.) Account Titles and Explanation Debit Credit (To record depreciation expense) (To record interest expense) eTextbook and Media