2. Present the maiign Basket Purchase of Noncurrent Operating Assets Bridges Wholesale Company incurred the following costs in 2015 for a warehouse acquired on July 1,2015 the beginning of its fiscal year: $31,000 $132,000 Landscaping .. 528,000 Property tax for period prior to acquisition Real estate commission . 10,000 40000 Remodeling and repairs prior to . occupancy Escrow fee 58,200 12,000 The Thecompany signeda non-interest-bearing note for $600 000 (20 $30,000) on July 1,2015. he implicit interest rate is 12% compounded semiannually. Payments of $30,000 are to be made semi beginning December 31, 2015, for 10 years. Instructions: Give the required journal entries to record (1) the acquisition of the land an assume that cash is paid to equalize the cost of the assets and the present value of t first two semiannual payments, including amortization of note discount. d the note) and (a the