Frankie Motels Inc. owns a motel that it had purchased on January 1, 2020, for $1.5 mwon cash and is accounted for in a separate account, classified as "Structures The company is using the revaluation model to account for its structures and revalues them annually. . It uses the proportionate method to adjust for revaluation Frankie uses straight-line depreciation over the asset's 15-year useful life with no residual value. No depreciation expense was recorded in 2021. The asset's fair value was equal to its book value on Dec. 31. 2020 and was $ 1,450,000 on Dec. 31, 2021. The company sold the Motel on January 10, 2022, for $1,500,000 . Instructions (show your calculations for part marks) 1. Record the revaluation of structure on Dec.31,2021 2. Record the sale of Motel on January 10,2022 3. Record the sale of Motel on January 10,2022 assuming Frankie is using Asset adjustment method to adjust for revaluation