In the 30 June 2019 annual report of Emu Ltd, the equipment was reported as follows. Equipment (at cost) Accumulated depreciation The equipment consisted of two machines, Machine A and Machine B. Machine A had a cost of $300 000 and had a carrying amount of $180 000 at 30 June 2019. Machine B had a cost of $200 000 and had a carrying amount of $170 000. Both machines are measured using the cost model, and depreciated on a straight-line basis over a 10-year period. On 31 December 2019, the directors of Emu Ltd decided to change the basis of measuring the equipment from the cost model to the revaluation model. Machine A was revalued to $180 000 with an expected useful life of 6 years, and Machine B was revalued to $155 000 with an expected useful life of 5 years. At 1 July 2020, Machine A was assessed to have a fair value of $163 000 with an expected useful life of 5 years, and Machine B's fair value was $136 500 with an expected useful life of 4 years. REQUIRED: 1) Prepare the journal entries for Machine A for the period 1 July 2019 to 30 June 2020 on the basis that it was revalued on 31 December 2019. Narrations are not required. $500 000 (150 000) 350 000