Markon Construction Ltd. Is a commercial real estate developer in Vancouver. In any given year, they only have about 4-5 active construction projects but each one is of high dollar value. Their Statement of Financial Position present large amounts assets. The demand for commercial real estate has been surpassing the supply, despite the rising cost of interest. In the past year, Markon has had the advantage in being the supplier in contract negotiations. Today is April 17, 2024. Your audit team has completed most of the necessary procedures for Markon Construction for the year ended January 31, 2024 and you are in the process of searching for subsequent events. The team has planned for the Auditor's Report to be issued early next week. During the search, you were made aware that Markon has unexpectedly sold one of their properties to an independent buyer for $15 million, just last week. The year end financial statements valued the property at $16 million, but despite this, the offer was accepted by Markon. In addition, on March 28, 2024, the Company signed an agreement to acquire majority of the shares of Cedarwood Homes, allowing them to expand into residential real estate. Financing is well