Pownall Inc. reports using IFRS and uses the revaluation method to account for PPE under IAS 16. The company acquired a printing press on January 1, 2011. The press had an expected useful life of 10 years and zero residual value. The cost of the press was $100,000. Pownall uses straight-line depreciation and the depreciation-elimination method for revaluations. On December 31, 2013, the fair value of the press was $71,000. On December 31, 2016, the fair value of the press was $40,000. Provide all necessary journal entries for 2011 through 2016.