Jarvis Corporation owned a building with a book value of $109,000 at 12/31/10. The building had a 15-year remaining life and a revaluation surplus balance of $46,000 on that date. The company sold the building on 1/1/11 for $182,000. What is the gain to be recorded on this transaction per IFRS?
a. $119,000b. $182,000c. $27,000d. $46,000e. $73,000