Additional Problem 2 Teal Ltd. purchased a building on January 1, 2018 for $14,850,000. Teal 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 Teal used straight-line depreciation. On December 31, 2019, the building had a fair value of $14,050,000. On December 31, 2021, the building had a fair value of $12,779,600. Prepare the journal entries on the books of Teal 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 for the amounts. Round answer to o decimal places, e.g. 5,275. Record entries in the order presented in the problem.) Debit Credit Date Account Titles and Explanation Dec 31, 2019 Accumulated Depreciation