Rebecca Ltd acquired a machine on July 1, 2020 at a cost of 100,000. The machine has an expected useful life of 5 years, and the company adopts the straight-line basis of depreciation. The depreciation rate for this type of machine is 16% per year. Rebecca Ltd measures this asset at fair value (proportional method). Movements in fair values are as follows: June 30, 2021 85,000 Remaining useful life: 4 years June 30, 2022 60,000 Remaining useful life: 3 years June 30, 2023 48,000 Owing to a change in economic conditions, Rebecca Ltd sold the machine for 50,000 cash on June 30, 2023. The asset was revalued to fair value immediately before the sale. Required: 1. Complete the following table (the shaded areas) to be reported on the statement of financial position and the statement of comprehensive income. Round all your answers to the dearest dollar. Show all your calculations. (15%) Statement of Financial Position June 30, 2021 June 30, 2022 June 30, 2023 ASSET Machine Less: Accumulated depreciation - Machine EQUITY Revaluation surplus Year 2021 Year 2022 Year 2023 Statement of Comprehensive Income NET INCOME Impairment loss OR Recovery of impairment loss (Please indicate - sign for loss and + sign for recovery) OTHER COMPRENSIVE INCOME Changes in revaluation surplus (Please indicate - sign for decrease and + sign for increase) 2. Prepare all necessary journal entries on June 30, 2023. (15%)