The property market was very positive, and the directors decided that they would adopt the revaluation model for the year 30 June 2020. They have obtained an independent valuation of the office building at a value of $1,570,000. The following information was provided as at 30 June 2019: Cost: 1,100,200 Acc Depreciation: 220,040 (Straight-line 4%) Required: Prepare the necessary journals to record the revaluation as at 30 June 2020.