Maroon Limited has plant that cost C100 000 on 1/1/20X1. Depreciation is provided over the useful life of 5 years on a straight-line basis to a nil residual value. The company uses the revaluation model for subsequent measurement of its property, plant and equipment and accounts for revaluations on the net replacement value method. The fair values listed below were measured using the cost approach. - The fair value, as determined by an independent valuer, at 1/1/20X2 amounts to C120000 - The fair value, as determined by an independent valuer, at 1/1/20X3 amounts to C50 000 - The fair value, as determined by an independent valuer, at 1/1/20X4 amounts to C50 000 The company transfers the maximum amount possible from the revaluation surplus to retained earnings on an annual basis. Impairment testing at the end of each year found that the recoverable amounts were higher than carrying amounts. Required: Journalise the transactions for the years ended 31 December 202,203 and 204. Ignore tax