5.1 Revaluation adjustments and reversals LO6 On 1 January 2022, Lima Ltd revalued land from $200 000 to $400 000. On 1 January 2023, the company subsequently revalued the land to $320 000. And on 1 January 2024, the company again revalued the asset downwards to $160 000. Required Prepare the journal entries required to record the revaluation adjustment for the year ended: 1. 30 June 2022 2. 30 June 2023 3. 30 June 2024