Asset 3 This machine was acquired by making a $21,500 down payment and issuing a $64,500,1-year, zero-interest-bearing note. The note is to be paid off in at the end of the first year. It was estimated that the asset could have been purchased outright for $78,260. Asset 4 This machinery was acquired by trading in used machinery. (The exchange lacks commercial substance.) Facts concerning the trade-in are as follows: Asset 5 Machinery was acquired by issuing 1,000 shares of $1 par value common stock. The stock was actively traded and had a market value of $6 per share. Construction of Building A building was constructed on land purchased last year at a cost of $103,200. Construction began on March 1 and was completed on September 1. The payments to the contractor were as follows: To finance construction of the building, a $516,000,10% construction loan was taken out on March 1 . The loan was repaid on September 1 . The firm had $344,000 of other outstanding debt during the year at a borrowing rate of 12%. Record the acquisition of each of these assets. (List all debit entries before credit entries. Round intermediate calculations to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places e.g. 58,971. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Acquisition of Asset 3 Acquisition of Asset 4 Acquisition of Asset 5 (To record machinery) (To record land and buildings) Asset 3 This machine was acquired by making a $21,500 down payment and issuing a $64,500,1-year, zero-interest-bearing note. The note is to be paid off in at the end of the first year. It was estimated that the asset could have been purchased outright for $78,260. Asset 4 This machinery was acquired by trading in used machinery. (The exchange lacks commercial substance.) Facts concerning the trade-in are as follows: Asset 5 Machinery was acquired by issuing 1,000 shares of $1 par value common stock. The stock was actively traded and had a market value of $6 per share. Construction of Building A building was constructed on land purchased last year at a cost of $103,200. Construction began on March 1 and was completed on September 1. The payments to the contractor were as follows: To finance construction of the building, a $516,000,10% construction loan was taken out on March 1 . The loan was repaid on September 1 . The firm had $344,000 of other outstanding debt during the year at a borrowing rate of 12%. Record the acquisition of each of these assets. (List all debit entries before credit entries. Round intermediate calculations to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places e.g. 58,971. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Acquisition of Asset 3 Acquisition of Asset 4 Acquisition of Asset 5 (To record machinery) (To record land and buildings)