7 El1-25 (Revaluation Accounting) Pengo Company owns land that it purchased at a cost of V400 million in 2013. The company ch0oses to use revaluation accounting to account for the land. The land's value fluc- tuates as follows (all amounts in thousands as of December 31): 2013, Y450,000; 2014, Y360,000; 2015, 385,000; 2016, Y410,000; and 2017, V460,000. Instructions Complete the following table below. Recognized in Net Income Other Comprehensive Accumulated Other Comprehensive Income Value at December 31 Income 2013 2014 2015 2016 2017 E11-26 (Revaluation Accounting) Use the information in E11-25. Instructions Prepare the journal entries to record the revaluation of the land in each year. nuary 1, 2014 for 12.000