The following balance sheet from Sean Ltd relates to land and buildings as at 30 June 2020. On 1 July 2020 Sean Ltd reviews the value of land. The fair value of land is reassessed as $4,100,000. (4 marks) Balance Sheet BEFORE REVALUATION: Sean Ltd Balance sheet at 30 June 2020 Land 3,200,000 Equity Capital 3,200,000 Required: 1. Prepare the summary revaluation journals at 1 July 2020 to record the revaluation of land. (2 marks) 2. Prepare the Balance Sheet extract for Sean Ltd at 1 July 2020, after revaluation. (2 marks)