At December 31, 2020, ACME Incorporated's accounting records showed the following amounts related to a building accounted for using the proportionate revaluation method with revaluation carried out every two years. Acquisition date: January 2, 2017 Acquisition cost: $600,000 Useful life: 50 years Residual value: $0 Accumulated depreciation: $56,000 Revaluation surplus - OCI: $6,000 On December 31, 2020, the fair value of the building is appraised at $535,000. Required: prepare the journal entry to record the revaluation only at December 31, 2020 (depreciation has already been recorded for 2020). Round final answers to the nearest dollar and include calculations below the journal entry. (5 marks)