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3) Complete the journal entries for the following investing transactions. (Points: 25) a. A farmer buys a tract of land for $50,000. b. A farmer

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3) Complete the journal entries for the following investing transactions. (Points: 25) a. A farmer buys a tract of land for $50,000. b. A farmer leases a tractor that is worth $50,000 and will own the tractor at the end of the lease. c. A farmer builds a shed for $7,000. d. A farmer buys five cows for $6,000. e. A farmer sells a parcel of land to a local municipality for $36,000. The original cost of the land was $36,000

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