Asset $5$: Equipment was acquired by issuing $100$ shares of $$14$ par value common stock. The stock had a market price of $$20$ per share.

Construction of Building: A building was constructed on land purchased last year at a cost of $$270,000.$ Construction began on February $1$ and was completed on November $1.$ The payments to the contractor were as follows.

$\backslash$table$[[$Date$,$Payment$],[\frac{2}{1},$$$216,000$