Bramble Corporation is a public company that manufactures farm implements, such as tractors, combines, and wagons. Bramble uses the revaluation model per IAS 16, and records asset revaluations using the elimination method. (This means the balance in the accumulated depreciation account is eliminated against the asset account just prior to revaluation of the asset to fair value.) A piece of manufacturing equipment included in the property, plant, and equipment section on Bramble's statement of financial position was purchased on December 31, 2019, for a cost of $89,000. The equipment was expected to have a remaining useful life of 5 years, with benefits being received evenly over the 5 years. Residual value of the equipment was estimated to be $9,000. At December 31, 2020, a formal revaluation is performed and the independent appraisers assess the equipment's fair value to be $78,000. During the revaluation process, it is determined that the remaining useful life of the equipment is four years, with a residual value of $10,000. At December 31, 2021, no formal revaluation is performed, as management determines that the carrying amount of the property, plant, and equipment is not materially different from its fair value. The equipment is sold on March 31, 2022, for $55,000. Instructions: Prepare any journal entries described above for: (1) the fiscal year ended December 31, 2020. Round answers to 0 decimal places, e.g. 5,275. (4 Marks) (2) the fiscal year ended December 31, 2021. Round answers to 0 decimal places, e.g. 5,275. (2 Marks) (3) the period ended March 31, 2022. Round answers to 0 decimal places, e.g. 5,275