Shamrock Inc., a publicly listed company has a building with an initial cost of $411,000. At December 31, 2020, the date of revaluation, accumulated depreciation amounted to $101.000. The fair value of the building, by comparing it with transactions involving similar assets, is assessed to be $341,000. Your answer is partially correct Prepare the journal entries to revalue the plant under the revaluation model using the asset adjustment method. (Credit account titles are automatically indented when the amount is entered. Do not Indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31 Accumulated Depreciation - Buildings 101.000 2020 101.000 Buildings (To eliminate the accumulated depreciation) Dec 31, 2020 (To adjust the Buildings account to fair value) Prepare the journal entry to revalue the plant under the revaluation model using the proportionate method. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Do not round intermediate calculations. Round final answers to decimal places, e8.5,275) Date Account Titles and Explanation Debit Credit Dec 31, 2020 Revaluation Surplus (CI) (To adjust the Buildings account (net) to fair value)