Bramble Manufacturers Inc., a publicly listed company, has two machines that are accounted for under the revaluation model. Technology in Bramble's industry is fast-changing, causing the fair value of each machine to change significantly about every two years. The following information is available: Acquisition date Original cost Original estimate of useful life Original estimate of residual value Pattern of depreciation Fair value at Dec. 31, 2018 Balance in Machinery account after proportionate method revaluation on Dec. 31, 2018 Balance in Accumulated Depreciation account after proportionate method revaluation on Dec. 31, 2018 Cumulative balance in (Revaluation Gain or Loss/ Revaluation Surplus (OCI) at Jan. 1, 2020 Fair value at Dec. 31, 2020 Machine #1 Jan. 2, 2017 $470,000 8 years -0- Straight-line 331,500 442,000 110,500 (21,000 ) 245,500 Machine #2 June 30, 2016 $528,000 12 years -0- Straight-line 430,000 543,158 113,158 12,000 322,000 Both machines were last revalued on December 31, 2018. Bramble has a December 31 year end. Prepare the journal entries required for 2020, using the asset adjustment method. (