Art Incorporated's statement of financial position as at June 30 , Year 8 , is as follow: On July 1, Year 8, Historical Corp purchase the net asset of Art Incorporated for $1,000,000 Required a) Prepare the journal entries in the accounting records of Historical Corp to record the business combinations. (10 marks) b) Prepare the journal entries in the accounting records of Art Incorporated to record the sale of the net asset. (10 marks)