Redress Ltd has the following non-current Assets as at 30 June 2021 Plant and Machinery $ 1200 000 Accumulated depreciation (400 000) $ 800 000 Equipment 480 000 Accumulated depreciation (160 000) 320 000 Additional information 1. The company has adopted fair value for the valuation of non-current assets. 2. There is an asset revaluation surplus for the Plant and Machinery in the previous year of $56 000. 3. On 30 June 2021, an independent valuer assessed the fair value of the Plant to be $640 000 and the Equipment to be $360 000. Required Prepare any necessary entries to revalue the Plant and Machinery and the Equipment as at 30 June 2021