Assets 1 and 2 These assets were purchased as a lump sum for $182,280 cash. The following information was gathered: Asset 3 This machine was acquired by making a $24,500 down payment and issuing a $73,500,1-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 $89,180. Asset 4 This machinery was acquired by trading in used machinery. (The exchange lacks commercial substance.) Facts concerning the trade-in are as follows: 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 $7 per share. Construction of Building A boilding was constructed on land purchased last year at a cost of $117,600. Construction began on March 1 and was completed on September 1. The payments to the contractor were as follows: 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 $7 per share. Construction of Building A building was constructed on lared purchased last year at a cost of $117,600. 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 $588,000,10% construction loan was taken out on March 1. The loan was repaid on September 1 . The firm had $392,000 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 ploces, es. 1.25124 and final answer to 0 decimal places eg. 58,971 . Credit occount tities 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.) Account Titles and Explanation Debit Credit Acquisition of Assets 1 and 2 Acquisition of Asset 3 Acquisition of Asset 4 Acaulsition of Asset.5 Acquisition of Asset 5 (To record machinery) (To record land and buildings)