Apple Company uses IFRS and the revaluation model for its equipment. The company uses the option to close a portion of Revaluation Surplus for deprecation. The company uses straight line depreciation and after two years of use revalued the following equipment last year. Purchased the equipment on January 2, 2018 for $2,800,000. Estimated useful life of the equipment is 10 years. The equipment's estimated residual value is zero. Revalued the equipment on December 31, 2019 to $2,900,000. There is a balance in Revaluation Surplus associated with this equipment. One year after the revaluation, for the year ended December 31, 2020 the depreciation entry would include which of the following:

		A debit to Retained Earnings of $82,500
		A debit to Revaluation Surplus of $362,500
		A credit to Revaluation Surplus of $60,500
		A debit to Revaluation Surplus of $82,500
		A credit to Retained Earnings of $60,500