CORRECT ANSWER NEEDED ASAP-- THANK YOU SO MUCH

On December 31, 20x0, the Tyra Corporation purchased two office buildings. Tyra decided to

use the revaluation model for the buildings. Data for the two buildings is as follows:

Building 1 Building 2

Original cost $11,000,000 $8,000,000

December 31, 20x2 Fair Value 11,200,000 7,350,000

December 31, 20x4 Fair Value 10,600,000 7,250,000

December 31, 20x6 Fair Value 10,400,000 6,900,000

The useful life of each building is 40 years with no residual value.

On June 30, 20x7, Building 2 is sold for $6,850,000.

Required

a) Write all journal entries for Building 1 from Dec 31, 20x0 to December 31, 20x6.

b) Write all journal entries for Building 2 from Dec 31, 20x0 to June 30, 20x7.