Refer to the information presented in problem P10-38.

Data from P10-38

Pronto Real Estate purchased a small warehouse in Winnipeg some years ago for $720,000. (The accompanying land was also purchased, but that information is not necessary for purposes of this question.) The company rented out the warehouse to different companies and expected increases in the property value over time as well. At the beginning of 2013, having held the property for 10 years, the company decided to use the warehouse to store excess office equipment from its head office. At the beginning of 2015, Pronto concluded that it did not require the warehouse for storage purposes and began renting out the property again. The fair value estimate at this date was $480,000.
For the December 31, 2012, year-end, the fair value of the warehouse was $500,000. At that time, the warehouse had a remaining useful life of 20 years, which is consistent with the estimated useful life at the time of acquisition. The company uses the straight-line method to depreciate buildings, recording a full year in the year of acquisition and none in the year of disposal. The company uses the cost model to account for PPE.
In 2019, the company sold the building for proceeds of $450,000, which was also its appraised value at the end of 2018.

Required:
Record the journal entries to reflect the changes in use and the sale of the property, assuming that the company uses the fair value model for investment property. For revaluations of PPE, use the elimination method.