1. Tunisia Inc. owns assets to which it applies the revaluation model (asset-adjustment method). The following additional information is available: Accumulated Depreciation at December 31, 2019 (prior to any fair value adjustments) was $12,000. Between December 31, 2018 and December 31, 2019, the property's fair value had increased by $30,000. The December 31, 2019 balance in the revaluation surplus account (prior to any fair value adjustments) was $2,000. Required: a) What would be the adjusted December 31, 2019 balance in the related contra-asset account? b) What would be the adjusted December 31, 2019 balance in the revaluation surplus account? c) Assume the same facts as indicated above, except that, between December 31, 2018 and December 31, 2019, the property's fair value had decreased by $10,000. Would this result in a gain or a loss included in Tunisia's 2019 income statement? Include the amount of the gain or loss in your response.