According to chegg policy, three questions are answered in a question. Please answer the questions

ges/ResponsePage.aspx?id=Ks62XIUVNEiFeKmoyqxdb0z-Ukwhbg9BroKvwyWrDERUOFNaVFdNWjRCREXFRVNUNkXMMDE5QzdIOS 4. The following inventory information was taken from the records of Kleinfeld Inc.: Historical cost Replacement cost Expected selling Price Expected selling cost Normal profit margin $12,000 $7,000 $9,000 $500 50% of price Assume that subsequent to your adjustment the expected selling price increases to $13,000 (all the rest of the facts are the same). What adjustment to inventory should be made under IAS 2 after this event? * (2 Points) Inventory should be increased (debited) by $3,500. Inventory should be increased (debited) by $4,000, No adjustment should be made to inventory once it is written down. Inventory should be increased (debited) by $1.000, 3. Chien Bleu Ltd. purchased a building in 2009 for10,000,000 and as of December 31, 2015 had, recorded accumulated depreciation on the building of 3,000,000. On December 31, 2015, the company conducted its first revaluation when the fair value was 12,000,000. According to IAS 16,what account should be credited for 5,000,000? * (2 Points) O Loss on Revaluation-Building Revaluation Surplus-Building Gain From Revaluation of Building Revaluation Revenue-Building