Wildhorse Ltd. purchased a building on January 1, 2018 for $15,420,000. Wildhorse accounted for this asset using the revaluation model and revalued the building every two years. The building was estimated to have a useful life of 30 years with no residual value, and Wildhorse used straight-line depreciation. On December 31, 2019, the building had a fair value of $14,560,000. On December 31, 2021, the building had a fair value of $13,269,800.Prepare the journal entries on the books of Wildhorse Ltd. to revalue the building on December 31, 2019 and December 31, 2021 using the asset adjustment method. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answer to 0 decimal places, e.g. 5,275. Record entries in the order presented in the problem.)

Date Account Titles and Explanation Debit Credit Dec. 31, 2019 v Accumulated Depreciation - Buildings 514000 Buildings 514000 (To adjust depreciation on building.) Buildings 168000 Gain on Disposal of Building 168000 (To adjust building.) Dec. 31, 2021 v Accumulated Depreciation - Buildings 514000 Buildings 514000 (To adjust depreciation on building.) Loss on Disposal of Building 262200 Buildings 262200 (To adjust building.)