Kazma, Folkert, and Tucker are partners with capital account balances of $32,700, $76,500, and $41,500, respectively. Income and losses are divided in a 4:4:2 ratio. When Tucker decided to withdraw, the partnership revalued its assets from $207,500 to $232,900, which represented an increase in the value of inventory of $8,000 and an increase in the value of land of $17,400. Tucker was then given $16,000 cash and a note for $42,000 for his withdrawal from the partnership.

Prepare the journal entry to record the revaluation of the partnership's assets.