10 [30 points) SouthCo owns a large factory building which it purchased in 2012. At the ome of purchase, the company decided to apply the revaluation model to the property, and the first revaluation occurred on December 31, 2014 On January 1, 2015, the recorded cost of the building was $1,050,000 and the accumulated depreciation was 30, as the company applies the revaluation model by eliminating accumulated depreciation. The balance in the revaluation surplus account on January 1, 2015 was $360,000 As well, the company decided on this date to obtain annual appraisais of the property in order to revalue it at every reporting period. The appraised values obtained over the next three years were as follows: December 31, 2015, December 31, 2010 December 31, 2017 Amer W $950,000 1,100,000 1,350,000 Prepare all the required journal entries for this property for the years ended December 31, 2015-2017. Assume that the building is depreciated on a straight line basis over 30 years with no residual value. Also assume that the company does not make annual transfers from the revaluation surplus account to retained earnings. Please make sure your final answer(s) are accurate to 2 decimal places. Enter an appropriate description when entering the transactions in the journal. Dates must be entered in the format ddimmm (e. January 15 would be 15/Jan) a) December 31, 2015 Cate General Journal Amunt Explanation Pagi PR Debit Cred b) December 31, 2016. Date General Journal Account/Explanation Page G PR Debil Credit b) December 31, 2018 c) December 31, 2017. Acetinam