Seaview Enterprises owns a seafood manufacturing plant and markets its seafood world wide. Seaview purchased the plant on January 1, 2019 for $3.3 Million cash. The company is using the revaluation model to account for its plant and revalues every three years. Seaview uses straight-line depreciation over the plant's 15-year useful life with no residual value. The asset's fair value on Dec 31, 2021 $2,760,000. Instructions a. Assuming Seaview uses the asset adjustment (elimination) method for revaluation, prepare all required journal entries for 2019, 2020, 2021 and 2022. b. Assume instead that the value of the plant was $2,000,000 at the end of 2021 and there is a credit balance of 200,000 in the revaluation surplus account, record the journal entry for the revaluation and the 2021 depreciation. What happens if the plant increases in value at the next revaluation date