On April $13,2023,$ Splish Ltd$.$ purchased a small apartment building with eight suites. The building qualified as an investment property under IAS $40.$ At the time of purchase, six out of the eight suites were rented. Splish paid the following items at the time of its acquisition of the apartment building $($all items were paid in cash except for the building itself, for which Splish took out a mortgage$)$:

Purchase price of building $$5710000$

Legal fees $7330$

Property transfer fees $24200$

Painting of empty apartments $5720$

Advertising for empty apartments $2900$

On April $14$ the previous owner of the apartment building paid Splish $$11,700$ for damage deposits from the existing tenants.

On December $31,2023,$ the apartment building had a fair value of $$5,910,000.$ On December $31,2024,$ it was determined that the apartment building had a fair value of $$5,690,000.$

Assuming Splish follows IRS, prepare the journal entries required to record the above events.