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Flounder Manufacturers Inc., a publicly listed company, has two machines that are accounted for under the revaluation model. Technology in Flounders industry is fast-changing, causing the fair value of each machine to change significantly about every two years. The following information is available:

		Machine #1			Machine #2
Acquisition date		Jan. 2, 2017			June 30, 2016
Original cost		$458,000			$540,000
Original estimate of useful life		8 years			12 years
Original estimate of residual value		0			0
Pattern of depreciation		Straight-line			Straight-line
Fair value at Dec. 31, 2018		322,500			441,000
Balance in Machinery account after proportionate method revaluation on Dec. 31, 2018		430,000			557,053
Balance in Accumulated Depreciation account after proportionate method revaluation on Dec. 31, 2018		107,500			116,053
Cumulative balance in (Revaluation Gain or Loss/ Revaluation Surplus (OCI) at Jan. 1, 2020		(21,000	)		13,500
Fair value at Dec. 31, 2020		239,500			328,000

Both machines were last revalued on December 31, 2018. Flounder has a December 31 year end.

Prepare a continuity schedule showing for each machine the amounts recorded to the Machine account and to the Accumulated Depreciation account, as well as indicating the carrying amount for each fiscal year from date of purchase to December 31, 2020, using (1) the asset adjustment method and (2) the proportionate method. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45). Round answers to 0 decimal places, e.g. 5,275.)

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