Crane Inc. owns assets to which it applies the revaluation model (asset-adjustment method). The following additional information is available: 1. The depreciation expense for 2024 was $7440. 2. Between December 31, 2023, and December 31, 2024, the property's fair value had increased by $37200. 3. The December 31, 2024, balance in the revaluation surplus account (prior to any fair value adjustments) was $2480. The adjusted December 31, 2024, balance in the related contra-asset account will be O $0. O $17360. O $12400. O $14880.