Trucks N’ Stuff (TNS) is owned by two brothers: Sun-Jae and Yong-Jun. The brothers own 20% each of Brakes Etc. (BE), and the remaining 60% is owned by their childhood friend, Sam. Both Sun-Jae and Yong-Jun are members of the board of BE. TNS sells vehicles and accessories, while BE provides auto parts to vehicle repair shops. Sun-Jae and Yong-Jun would like to expand TNS and, as a result, have approached Sam about purchasing a building from BE. They know that the building is not being used by BE. The building has a book value of $180,000 and originally cost $350,000. Sam recently had the building professionally appraised and its fair value is estimated at $300,000. Sun-Jae and Yong-Jun plan for TNS to offer to purchase the building from BE for $295,000 in cash. Both TNS and BE report under ASPE.

Required: Using the related party transaction decision tree, determine how the transaction should be measured from the perspective of TNS. Prepare the journal entry to record the transaction.