Jia Jets acquired a wooded piece of land in Indiana on April 1, 2014. The land cost $100,000. Jia Jets reports under IFRS and revalues its land. On December 31, 2017, the fair value of the land is $90,000. On December 31, 2020, the fair value of the land is $110,000. Provide all necessary journal entries for 2014 through 2020, and give the effect of each entry on net income for the year.