In January 1, 2020, the following assets of Company A had the following corresponding values: Carrying Amount Residual Value EUL Sound Value 5,190,000 10 Machinery Equipment 500,000 200,000 5,750,000 7,850,000 5,400,000 12 The company decided to measure these properties using revaluation model. In January 1, 2022, the replacement cost of equipment was revalued at P6,750,000. Determine: 1. Amount to be reported as Revaluation Surplus in the statement of financial position as of December 31, 2022 [ Select] 2. Amount to be recognized in 2022 profit or loss related to the revaluation of PPE in that year. [ Select]