On 30 June 2018, the Statement of Financial Position of Sapphire Ltd showed the following non-current asset after charging depreciation: Machine 800,000 Accumulated Depreciation (500,000) 300,000 As of 30 June 2018, the company decided to adopt the revaluation method for the machine. Therefore, on 30 June 2018, an independent valuer assessed the fair value of the machine to be $335,000 with a remaining useful life of 5 years. On 30 June 2019, the machine was revalued again to its fair value of $228,000 with a the remaining useful life of 4 years. The income tax rate is 30% and the company uses straight-line depreciation for all property, plant and equipment. Required Prepare all necessary entries related to the machine from 30 June 2018 to 30 June 2019. (11 marks)