Solutions pls

6.19. Petersen Ltd has the following land and building in its financial statements as at 30 June 2014: $ Residential land, at cost Factory land, at valuation 2011 Buildings, at valuation 2010 Accumulated depreciation 1,000,000 900,000 800,000 (100,000) 3 S Residential land, previously recorded at cost Factory land, previously revalued in 2011 Buildings, previously revalued in 2010 1,100,000 700,000 900,000 REQUIRED Provide the journal entries to account for the revaluation on 30 June 2014. Petersen Ltd classifies the residential land and the factory land as different classes of assets