The following data from Bowman Company accounts relates to two assets at 30 June 2021.

Asset	Value		Accumulated depreciation		Carrying amount
Land	$	4 300 000		0	$	4 300 000
Plant and equipment	$	650 000	$	100 000	$	550 000

At 30 June 2021, Bowman Company decides to adopt the revaluation model for both these assets. On this date land has a fair value of $4 000 000 and plant and equipment has a fair value of $650 000. On 30 June 2022, Bowman Company reviews the value of its assets. The fair value of land is reassessed as $4 250 000. Plant and equipment have no change in value on that date.

Required:

Prepare the journal entries required to revalue the assets for the year ended 30 June 2021 and the 30 June 2022.