Pengo Ltd. owns land that it purchased at a cost of 400 million in 2017. The company chooses to use revaluation accounting to account for the land. The land's value fluctuates as follows (all amounts in thousands as of December 31): 2017, 450,000; 2018, 360,000; 2019, 385,000; 2020, 410,000; and 2021, 450,000. Instructions Complete the following table below. Value at December 31 Other Comprehensive Income Accumulated Other Comprehensive Income Recognized in Net Income 2017 2018 2019 2020 2021 Answer: Value at December 31 Other Comprehensive Income Accumulated Recognized in Other Net Income Comprehensive Income 2017 50,000 (50,000) 50,000 (40,000) 25,000 15,000 2018 2019 2020 10,000 50,000 10,000 60,000 2021 X. Why is the accumulated OCI for 2021 60,000?