1. Sheridan Industries Inc acquired land, buildings, and equipment from a bankrupt compary, Torres Co, for a lump-sum price of $798,000. At the time of purchase, Torres's assets had the following book and appraisal values. To be conservative, the company decided to take the lower of the two values for each asset acquired. The following entry was made. 000 2. Skysong Enterprises purchased store equipment by making a $2,280 cash down payment and signing a 1 - year, $26,220,10% note payable. The purchase was recorded as follows. 3. Concord Company purchased office equipment for $21,500, terms 2/10,N/30. Because the company intended to take the discount, it made no entry until it paid for the acquisition. The entry was: 4. Marigold Inc recently received at zero cost land from the Village of Cardassia as an inducement to locate its business in the Village The appraised value of the land is $30,780. The compary made no entry to record the land because it had no cost basis. 5. Swifty Company built a warehouse for $684,000. It could have purchased the building for $843,600. The controller made the following entry. Prepare the entry that should have been made at the date of each acquisition. (Do not round intermedilots calculations and fincl answers to