A county government demands vacant land from the city to construct an airport exercising the right of eminent domain." The city is required by state law to forfeit the land for a price of $10,000,000 which is its current fair value. The city bought the land for $8,000,000. This is considered an unusual and infrequent event for the city. Prepare the city's entry in the General Fund. (1 entry) A county government demands vacant land from the city to construct an airport exercising the right of eminent domain." The city is required by state law to forfeit the land for a price of $10,000,000 which is its current fair value. The city bought the land for $8,000,000. This is considered an unusual and infrequent event for the city. Prepare the city's entry in the General Fund. (1 entry)