The answers in red are wrong, please correct the numbers & account titles, show your calculation.

On April 13, 2017, 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	$4,000,000
Legal fees	7,000
Property transfer fees	24,000
Painting of empty apartments	5,000
Advertising for empty apartments	2,000

In addition, the previous owner of the apartment building paid Splish $11,000 for damage deposits from the existing tenants.

On December 31, 2017, the apartment building had a fair value of $4,191,000. On December 31, 2018, it was determined that the apartment building had a fair value of $3,991,000.

Assuming that Splish follows IFRS, prepare the journal entries required to record the above events. (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 0 for the amounts. Record entries in the order presented in the problem.)

Date April 13, 2017 Account Titles and Explanation Investment Property Advertising Expense Cash X Accounts Payable Mortgage Payable Tenant Deposits Liability Legal Expense Dec. 31, 2017 Investment Property Gain in Value of Investment Property Dec. 31, 2018 Loss in Value of Investment Property Investment Property x x x Debit 4000000 2000 11000 38000 7000 191000 200000 00.00.0 [>" x Credit x 4000000 11000 7000 191000 200000