On January $1,2022,$ Crane Corporation acquires a building at a cost of $$480,000.$ The building is expected to have a $30-$year life and no

residual value. The asset is accounted for using the proportionate revaluation method and revaluation is carried out every two years.

On December $31,2023,$ the fair value of the building is appraised at $$470,400$ and on December $31,2025$ its fair value is $$416,000.$

Prepare the appropriate journal entries for December $31,2023$ and December $31,2025.$ Assume depreciation has been recorded. $($Do

not round intermediate calculations. Round final answers to $0$ decimal places e$.$g$.5,275.$ Credit account titles are automatically indented when

the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. List all

debit entries before credit entries.$)$

Buildings

Accumulated Depreciation $-$ Buildings

Revaluation Surplus $($OCI$)$

$1,2025$

Accumulated Depreciation $-$ Buildings

Revaluation Surplus $($OCl$)$