104 6. Pierogi Factory Ltd. owns the land on which the kitchen facility is located. Its original cost was $250,000 back in 2017. In late December, Agata had the property appraised in anticipation of financing she may seek in the near future. The appraiser assessed its market value at around $500,000. Does the property's increased market value affect anything reported in the company's 2020 financial statements? Explain your answer. be the journal entry for each of the transactions? 11. Assign each journal entry from Requirement 10 a number and post the entry to T- accounts in the ledger, using its number as a reference (ignore opening balances). 12. How would each tran