On 1 April 20X8 the fair value of Xu's property was $100,000 with a remaining life of 20 years. Xu's policy is to revalue its property at each year end. At 31 March 20x9 the property was valued at $86,000. The balance on the revaluation surplus at 1 April 20X8 was $20,000 which relates entirely to the property. Xu does not make a transfer to realised profit in respect of excess depreciation Required: Note: The accounting period of Xu Company is from 01 April to 31 March. 1/ Calculate the accumulated depreciation recorded until 01 April 2019. 2/ Calculate the depreciation expense for the year 2019. 3/ Prepare an extract of the Income Statement for the year ended 31 March 2019. 4/ Prepare an extract of the Balance sheet for the year ended 31 March 2019. 5/ Journalize all transactions for the year 2019. 6/ Prepare the ledger account (all related T-Accounts) at 31 March 2019