Current Attempt in Progress Bramble Corp. erected and placed into service an offshore oil platform on January 1, 2020, at a cost of $ 12 million. Bramble is legally required to dismantle and remove the platform at the end of its 8 year useful life. Bramble estimates that it will cost $ 1.2 million to dismantle and remove the platform at the end of its useful life and that the discount rate to use should be 7%. Assume that the increase in the asset retirement obligation in 2020 related to the production of oil in 2020 was $67,122. Prepare any necessary entries to record the increase in the asset retirement obligation at December 31, 2020, assuming that Bramble follows IFRS. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31, 2020 Prepare any necessary entries to record the increase in the asset retirement obligation at December 31, 2020, assuming that Bramble follows ASPE. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31, 2020