Avery compasny acquired the net assests of lowa company on june $1,20$x$1.$ the net assets acquired include palnt assets that are provisionally estimated to have a fair value of $$840,000$ with a $10-$yaer usable life and no salvage value. the equipment was provisiona;;y estimated to have a fair value of $$480,000$ with a $20-$yaer usable life and no salvage value. at the end of $20$x$1,$ Avery prepared the follwoung statements in March $20$x$2,$ the final estimated fair value of the acquired palnt asset is $$720,000$ with no change in the estimate of useful life or salvage value. $1.$ Prepare any journal entries required in march $20$x$2.2.$ Prepare the revised balancesheet and income statement for $20$x$1$ that will be included in the $20$x$2$ comparative statements.