On January 1, 2012, Baelfire Company acquired a building at cost of P4,800,000. The building has been depreciated on the basis of a 20-year life. On January 1, 2016, an appraisal of the building showed its fair value (market-based) at P4,588,000 with no change in useful life.

1. The amount credited to revaluation surplus on January 1, 2016 is
2. The depreciation for 2016 should be
3. The revaluation surplus shown in the December 31, 2016 statement of financial position is