Please help with requirement "4b" only

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 $260,000. The equipment is expected to have a five-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 $233,000. 4a. Calculate the revaluation of the equipment assuming that the fair value of the equipment at the end of 2021 is $157,000. 4b. Assume that the fair value of the equipment at the end of 2021 is $157,000. Prepare the journal entry to record the revaluation of the equipment. Answer is not complete. Complete this question by entering your answers in the tabs below. Req 4A Req 4B Assume that the fair value of the equipment at the end of 2021 is $157,000. Prepare the journal entry to record the revaluation of the equipment. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations. Round your final answers to nearest whole dollar amount.) No Event Debit Credit 1 / 1 General Journal Revaluation expense Accumulated depreciation Equipment