1. Jill asked the IT department to give her pricing lists for the equipment that will be placed in the new warehouse: 14 new computers costs $140,000, additional $2,000 for freight and 6% tax on $140,000. Estimated useful life is 5 years with 5% salvage value. Treated as a single unit for financial reporting purposes. 10 existing computers will be traded in for new computers. They will receive $10,000 trade-in for old computers. The computers are treated as a single unit with an original cost of $80,000 and book value of $8,000. The remainder was paid in cash. Additional IT personnel to support the increase \d workload created by the HR department costs $200,000 annually which included fringe benefits and taxes. Requirement:Prepare the journal entries for the above items. The exchange is considered to be lacking commercial substances. 2. Now assume the old computers costs $100,000 and have a book value of $18,000 Requirement:Make any potential journal entries