Q2.2 4 Points In the 30 June 2021 annual report of Tony Ltd, the plant was reported as follows: $ 200 000 Plant (at cost) Accumulated depreciation 40 000 160 000 The plant is depreciated on a straight-line basis over a 10-year period with the residual value of zero. Tony Ltd adopts the revaluation model for the plant. The company finds out that the plant has a fair value of $140,000 on 30 June 2021. On 30 June 2022, the fair value of the plant is assessed to be $145,000. Required: Prepare all necessary journal entries associated with the revaluation of the plant for the year ended 30 June 2022.Ignore any tax effect. Please select file(s) Select file(s)