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E11.24 (LO 5) (Revaluation Accounting) Croatia Company purchased land in 2002 for $300,000. The land's fair value at the end of 2022 is $320,000; at

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E11.24 (LO 5) (Revaluation Accounting) Croatia Company purchased land in 2002 for $300,000. The land's fair value at the end of 2022 is $320,000; at the end of 2023, $280,000; and at the end of 2024, $305,000. Instructions Prepare the journal entries to record the land using revaluation accounting for 2022-2024

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