Pine Co. owns a building in Edmonton, Alberta. Pine Co. enters into an agreement with Maple Inc., whereby Pine Co will sell the building, excluding the land that it sits on, to Maple Inc and simultaneously will lease it back. The details are as follows: The original cost of the building was $15 million; it is 60% depreciated. Maple Inc. agrees to pay Pine Co $12 million for the building, which is the fair value at the time of sale. Maple Inc. agrees to lease the building to Pine Co for 20 years. The annual lease payments are $1.1 million, due at the end of the year. There is no residual guarantee expected to be paid. Pine Co will pay all the operating, maintenance costs, including taxes and insurance. The effective date of the agreement is 1 January 20X3. Pine Cos effective borrowing rate is 8%. Required: Prepare the journal entry to record the sale on 1 January 20X3 using IFRS. (If