Wright Now Limited (WNL) was incorporated on January 1, 2011. In 2014 WNL spent $1,200,000 to purchase land. Below are details of the four years of operations. WNL has decided to use the revaluation model for its land. During 2017 the land was sold for its fair value. Fair value of land, end of year 2015 2016 2017 2014 1,550,000 1,150,000 1,400,000 1,500,000 Required: Prepare the journal entries for yearly revaluation as well as the entry for the sale in 2017.