Company Twelve purchased land for $900,000. Fair value was $1,250,000 at the beginning of the year and $820,000 at the end of the year. Requirement Prepare the journal entry to record the revaluation adjustment. (Record debits first, then credits. Explanations are not required.) RE Date Accounts Debit Credit Gain on land revaluation (through income) Land Loss on land revaluation (through income) Other comprehensive income - revaluation loss Choose from any list or enter any number in the input fields and then continue to the next