On December 31, 2016, Lema Company had equipment that had a carrying amount of $300,000, which the company wrote down to its $250,000 fair value. At the end of 2017, it was determined that the fair value of the equipment had risen to $320,000. At December 31, 2017, assuming Lema is holding the equipment for sale, prepare any necessary entry to record change in fair value of the equipment.