$2024$: $$103,0002025$: $$107,0002026$: $$110,000$Fair value information:Dec $31,2024$:$$9\mathrm{.}1$ millionDec $31,2025$:$$10\mathrm{.}9$ millionDec $31,2026$: $$11\mathrm{.}7$ millionOther information:Question $514$ PointsOn january $20,2024,$ Trail Corp, purchased a luxury apartment confplex in British Columbia for $$10$ million cash. In addition to the purchase price. Trail paid transfer fees of $$150,000$ and legal fees of $$20,000.$Salaries and wages were paid to maintenance staff during each of the following three years:The complex qualifies as investment property.Trail applies the fair value model to all its investment property.instructions:Prepare all required jourse entries for $2024,2025,$ and $2026.$