23. Stratosphere Company acquires its only building on January 1, Year 1, at a cost of $4,000,000. The building has a 20-year life, zero residual value, and is depreciated on a straight-line basis. The company adopts the revaluation model in accounting for buildings. On December 31, Year 2, the fair value of the building is $3,780,000. The company eliminates accumulated depreciation against the building account at the time of revaluation. The company's accounting policy is to reverse a portion of the revaluation surplus account related to increased depreciation expense. On January 2, Year the company sells the building for $3,500,000. Required: Determine the amounts to be reflected in the balance sheet related to this building for Years 1-4 in the following table. (Use parentheses to indicate credit amounts.) Page 146 Date Cost Accumulated Depreciation Carrying Amount Revaluation Surplus Retained Income Earnings January 1, Year 1 $4,000,000 $4,000,000 December 31, Year 1 Balance December 31, Year 2 Balance December 31, Year 3 Balance January 2, Year 4 Balance Complete Journal entries to account for the building under the revaluation model for Year 1- 4.