please solve 2-a 2-b and 3. Thanks, I'll up vote if answered correctly.

Dower Corporation prepares its financial statements according to IFRS. On March 31, 2021, the company purchased equipment for $240,000. 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 $224,000. 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 2 Reg 28 Reg 3 Calculate the revaluation of the equipment. (Do not round Intermediate calculations. Round your final answers to nearest whole dollar amount) Bofore After Revaluation Conversion Factor Revaluation Equipment 240,000 5224,000 / $210.000 Accumulated depreciation 30,000 $224,000/5210,000 Book value 210,000 $224,000/5210,000 Dower Corporation prepares its financial statements according to IFRS. On March 31, 2021, the company purchased equipment for $240,000. 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 $224,000. 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. Reg1 Reg 2A Req8 Req3 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 General Journal Debit Credit Equipment Accumulated depreciation 160,000 16,000 Dower Corporation prepares its financial statements according to IFRS. On March 31, 2021, the company purchased equipment for $240,000. 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 $224,000. 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 28 Reg 3 Calculate depreciation for 2022. (Round your denominator answer to 2 decimal places:) Straight Lion Depreciation Choose Numerator: Choose Denominator Annual Depreciation Expense Formula Beginning Book Value 1 Double the Straight-Line Rate Depreciation Expense Amount $ 196,000 5.00 39,200