Sunland Corp. owns equipment that originally cost $$100000.$ At December $31,2023,$ the equipment's carrying value $($after $2023$ depreciation was recorded$)$ is $$63000.$ It is determined that the fair value of the equipment at this date is $$94500.$ Although Sunland's policy is to apply the revaluation model using the proportionate method, this is the first time the company has done it$.$ The adjusting entry to record the revaluation will include a

$$ debit to Accumulated Depreciation of $$18500.$

$$ credit to Equipment of $$5500.$

$$ debit to Revaluation Surplus $($OCI$)$ of $$5500.$

O credit to Revaluation Surplus $($OCI$)$ of $$31500.$