4. The following financial information is from Cook Company: Accounts Payable Land Inventory Accounts Receivable Equipment Unearned Revenue Short-term Investments Notes Receivable (due in 8 months) Interest Payable Patents $55.000 $90.000 $10.500 $7.500 $8.000 $58.500 Equipmed Revenue $45.500 $2,000 What is the amount of long-term assets assuming the accounts above reflect normal activity? .5. Bahamas Catering purchased a commercial dishwasher by paying cash of $5,000. The dishwasher's fair value on the date of the purchase was $5,600. The company incurred $400 in transportation costs, $300 installation fees, and paid a $200 fine for illegal parking while the dishwasher was being delivered. For what amount will Bahamas record the dishwasher? 6. Real Angus Steakhouse purchased land for $75,000 cash. They also incurred commissions of $4,500, property taxes of $5,000, and title insurance of $800. The $5,000 in property taxes includes $4,000 in back taxes paid by Real Angus on behalf of the seller and $1,000 due for the current year after the purchase date. For what amount should Real Angus Steakhouse record the land? 7. Wilson bought land, building and equipment for a total price of $800,000. The fair value of the land was $350,000, equipment $400,000 and building $ 250,000. How much of the purchase price should be allocated to each item