On December 31, 2022, ALR, Inc. classified one of its plant assets (land) as held for sale. The carrying value of the land as of that date was $2,000,000. The fair value less selling costs on that date was $1,800,000. As of December 31, 2023, the company had not sold the asset, so it was still classified as held for sale. fair value net of selling costs as of December 31, 2023, was $2,050,000. Based on this information, indicate how ALR should report the asset on the December 31, 2022, and December 31, 2023, balance sheets. Prepare any journal entries required. Begin by recording the journal entry to reclassify the land held for sale on December 31, 2022. (Record debits first, then credits. Exclude explanations from any journal entries. If no entry is required select "No Entry Required" on the first line of the journal entry table and leave all remaining cells in the table blank.) Account December 31, 2022 Now, record the journal entry to write down the asset on December 31, 2022. Account December 31, 2022 Next, determine how ALR should report the asset on its December 31, 2022 balance sheet. ALR will report the land at if material in amount. in of the balance sheet, on December 31, 2022, Now, prepare the journal entry for the reversal of the impairment loss as of December 31, 2023, if required. (Record debits first, then credits. Exclude explanations from any journal entries. If no entry is required select "No Entry Required" on the first line of the journal entry table and leave all remaining cells in the table blank.) Account December 31, 2023 Finally, determine how ALR should report the asset on its December 31, 2023 balance sheet. ALR will report the land at if material in amount. of the balance sheet, on December 31, 2023