Tamarisk Inc., a publicly listed company, has a building with an initial cost of $406,000. At December 31, 2020, the date of revaluation, accumulated depreciation amounted to $109,000. The fair value of the building, by comparing it with transactions involving similar assets, is assessed to be $326,700. 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.) Account Titles and Explanation Debit Credit Date Dec. 31, 2020 Accumulated Depreciation - Buildings 109000 109000 Buildings (To eliminate the accumulated depreciation) Dec. 31, 2020 Buildings 29700 Revaluation Surplus (OCI) 29700 (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, e.g. 5,275.) Account Titles and Explanation Debit Credit Date Dec. 31, 2020 Buildings 39510 Accumulated Depreciation - Buildings 9810 Revaluation Surplus (OCI) 29700 (To adjust the Buildings account (net) to fair value)