Alert Medical, LLC, consists of two doctors, Abrams and Lipscomb, who share in all income and losses according to a 2:3 income-sharing ratio. Dr. Lin has been asked to join the LLC. Prior to admitting Lin, the assets of Alert Medical were revalued to reflect their current market values. The revaluation resulted in medical equipment being increased by $39,200. Prior to the revaluation, the equity balances for Abrams and Lipscomb were $149,800 and $210,800, respectively. Required: A. On December 31, provide the journal entry for the asset revaluation. Refer to the Chart of Accounts for exact wording of account titles. B. On December 31, provide the journal entry for the bonus under the following independent situations (refer to the Chart of Accounts for exact wording of account titles): 1. Lin purchased a 30% interest in Alert Medical, LLC, for $231,000. 2. Lin purchased a 25% interest in Alert Medical, LLC, for $114,800.