Assume that jk Company has adopted the revaluation model for its property, plant, and equipment. Costs and fair values are as follows:

land cost 900000buildings cost 735000

fair value at the end of year 1 land: 1100000 building: 500000

fair value at the end of year 2 land: 1200000 building: 1000000

fair value at the end of year 3 land: 1200000 building: 720000

Please do all journal entries to recognize the fair values of land and building at the end of Year1, Year2, and Year3