2 pts Question 4 On May 7, 2020, the Finals Corporation purchased land, building, and equipment from the Summer Company for a total cost of $1.000.000. Following is information regarding the book value of these assets on the seller's (Summer's) books at May 7, 2020, and their fair values on that date: Book Value on Seller's (Summer's) Books on May 2. 2020 $ 60.000 Fair Value On May 2, 2010 $48000 $500.000 5612,000 $120,000 What amount should the Finals Corporation debit to Building in its journal entry to record the purchase on May 7, 2020? 5540.000 $120.000 5640.000 $450,000 Question 5 17, the Builder Company began construction activity on a warehouse. On that date the Builder Company loan of $1,500,000 with a 2% annual interest rate. Principal and interest on the loan are due on April on the construction project during 2019 were as follows: rest on the loan are due on April 30, 2020. Expendir