Check my work Required information [The following information applies to the questions displayed below.) Dower Corporation prepares its financial statements according to IFRS. On March 31, 2021, the company purchased equipment for $216,000. The equipment is expected to have a six-year useful life with no residual value. Dower uses the straight-line depreciation method for all equipment. On December 31, 2021, the end of the company's fiscal year, Dower chooses to revalue the equipment to its fair value of $237,000. Required: 1. Calculate depreciation for 2021. 2-a. Calculate the revaluation of the equipment. 2-b. Prepare the journal entry to record the revaluation of the equipment. 3. Calculate depreciation for 2022. Complete this question by entering your answers in the tabs below. Reg 1 Reg 2A Req 2B Req3 Prepare the journal entry to record the revaluation of the equipment. (If no entry is required for a entry required in the first account field. Do not round intermediate calculations. Round your final amount.) View transaction list Journal entry worksheet Return to question quipment to its fair value of $237,000. eciation for 2021. Evaluation of the equipment. urnal entry to record the revaluation of the equipment. eciation for 2022 Answer is not complete. uestion by entering your answers in the tabs below. 29 2A Req 2B Reg 3 entry to record the revaluation of the equipment. (If no entry is required for a transaction/event, s equired" in the first account field. Do not round intermediate calculations. Round your final answers ir amount.) General Journal Debit Credit Equipment Accumulated depreciation Revaluation surplus-OCI