1. Sweet Industries Inc acquired land, buildings, and equipment from a bankrupt company. Torres Co. fora lump-sum price of 952.000. At the time of purchase. Torres's assets had the following book and appraisal values Book Values $ 272,000 340,000 Appraisal Values $ 204,000 Land Bulldings 476,000 Equipment 408,000 408.000 To be conservative, the company decided to take the lower of the two values for each asset acquired. The following entry was made Land 204000 Building 340,000 400,000 Equipment Cash 952000 2. Praran Enterprises purchased store equipment by making a $2.720 Cashdown payment and signing a war, 532280 1086 note Dayable. The purchase was recorded as follow Equipment 37.128 2720 SP 31200 7124 3. Novak Company purchased office equipment for 519,800, terms 2/10, 1/30. Because the company intended to take the discount, it made no entry until it paid for the acquisition. The entry was Equipment 19,800 Cash 19.404 396 Purchase Discounts 4. Splish Inc recently received at zero cost and from the Village of Cardassia as an inducement to locate its business in the Village The appraised value of the land is $ 36,720 The company made no entry to record the land because it had no cost basis. 5. Blossom Company built a warehouse for 5816.000. It could have purchased the building for S2006,400. The controller made the following entry Buildings 1006 400 Cash 816.000 Proht on Construction 190400 Prepare the entry that should have been made at the date of each cuisition (Round intermediate calculations to 5 decimal poloes.es 0.56487 and final answers to decimal ploces es 5.295. Credit account title ore automatically indented when amount is entered. Do not indent manually. If no entry required select "No Entry for the account tities and enter for the amounts