Shelly Ltd purchased a new machine on 1 July 2020 for $79 600 cash. Transport and installation costs of $8 400 were paid on the same date. Useful life and residual value were estimated to be 10 years and $3 600, respectively. Shelly Ltd depreciates machines using the straight-line method to the nearest month, and reports annually on 30 June. On 30 June 2021, the company adopted the revaluation model to account for the machine. An expert valuation was obtained showing that the machine had a fair value of $76 000 at that date. Remaining useful life and residual value were estimated to be 8 years and $2 400, respectively. On 30 June 2022, the machine's carrying amount was remeasured to its fair value of $72 000. Remaining useful life and residual value were estimated to be 8 vears and $4 000. respectively. On 30 September 2022, the machine was sold for $75 000 cash. The company tax rate is 30%. Required: Prepare all journal entries of Shelly Ltd during the period 1 July 2020 to 30 September 2022 in relation to the machine. Narrations are not required. (20 marks)