Check my work mode: This shows what is correct or incorrect for the work you have completed so far, it does not indicate com ! Required information [The following information applies to the questions displayed below.) Dower Corporation prepares its financial statements according to IFRS. On March 31, 2021, the company purchased equipment for $216,000. The equipment is expected to have a six-year useful life with no residual value. Dower uses the straight-line depreciation method for all equipment. On December 31, 2021, the end of the company's fiscal year, Dower chooses to revalue the equipment to its fair value of $237,000 Required: 1. Calculate depreciation for 2021. 2-a. Calculate the revaluation of the equipment 2-b. Prepare the journal entry to record the revaluation of the equipment 3. Calculate depreciation for 2022 Answer is not complete. Complete this question by entering your answers in the tabs below. Reg 1 Reg 2A Reg 20 Reg Calculate the revaluation of the equipment. (Do not round intermediat calculation, Round your inal answers to nearest whole dollar amount.) Before AMar Revaluation Converslan Factor Revolution Equipment 5 210,000 $216,000 75109,000 Accumulated dopreciation 27.000 $180,000/$210.000 Book value 3 180.000 5189,000 $216.000