Jazz Company purchased an equipment at P4,680,000 on January 1, 2019 5 points which will be used for a total of 10 years, no salvage value. Jazz accounted for this equipment using the revaluation model and of which it is Jazz's policy to revalue the equipment every after two years. The sound values of the assets during the three revaluation dates were P4,056,000. P2,613,000 and P2,340,000 on December 31 2020, 2021 and 2022. How much is the balance of Revaluation surplus as of December 31, 2021.

a Jazz Company purchased an equipment at P4,680,000 on January 1, 2019 which will be used for a total of 10 years, no salvage value. Jazz accounted for this equipment using the revaluation model and of which it is Jazz's policy to revalue the equipment every after two years. The sound values of the assets during the three revaluation dates were P4,056.000, P2,613,000 and P2,340,000 on December 312020, 2021 and 2022. How much is the balance of Revaluation surplus as of December 31, 2021. *