5) (20 Points) Baldo Inc initiated a major company expansion on January 4, 2025. During the first quarter of 2025, Baldo acquired several assets that were placed into production on July 1 . 2025 The following costs were incurred: Purchase of Warehouse; exchanged 1,000 shares of Newall stock with a par value of $5 share. Baldo stock is currently trading at $120 per share. Installation of production line equipment. $25,000 Instructions Based on this information, prepare the necessary journal entries to record the asset ac assuming that all assets were purchased for cash except for the warehouse. 6) (10 Points) The Horizon Corporation is disposing of a piece of equipment on May The equipment had an original cost of $400,000 when purchased on January 1,202 Accumulated depreciation as of 12/31/2026 was $160,000 assuming straight-line de over a useful life of 10 years with no salvage value. Brayden received $250,000 on the equipment. What is the journal entry to record the sale