Asset 4: This machinery was acquired by trading in used machinery. (The exchange lacks commercial substance.) Facts concerning the trade-in are as follows. Cost of machinery traded Accumulated depreciation to date of sale Fair value of machinery traded Cash received Fair value of machinery acquired $120,000 48.000 96.000 12,000 84,000 Asset 5: Equipment was acquired by issuing 100 shares of $10 par value common stock. The stock had a market price of $13 per share Construction of Building: A building was constructed on land purchased last year at a cost of $180,000. Construction began on February 1 and was completed on November 1. The payments to the contractor were as follows. Date 2/1 6/1 9/1 11/1 Payment $144,000 432,000 576,000 120,000 To finance construction of the building, a $720,000, 12% construction loan was taken out on February 1. The loan was repaid on November 1. The firm had $240,000 of other outstanding debt during the year at a borrowing rate of 8%. Record the acquisition of each of these assets. (Round intermediate calculations to 5 decimal places, e.g. 1.25124 and final answer to O decimal places eg. 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 4 Acquisition of Asset 5 (To record acquisition of Equipment)