Bar 34, 2017 BP The asset) as of December 31, 2017 157 You are assigned to the audit of the account "land, building, machinery and equipment" of Blackpink Company, a newly established corporation. A summary of the ledger account appears below: Date Explanation Amount 2017 3,000,00 4-Jun Acquired the plant assets of Twice Company 15 Jun Repairs made to building 100,000 30-Jun Special tax assessment by city 15,000 Construction of platform for machinery to be 8-Oct installed later 150,000 Remodeling of office space in building, including 5 Nov now partitions and walls 210.000 6 Dec Purchase of machinery - cash payment (gross) 200,000 Balance, Land, building, machinery and 3,675,00 equipment" account, December 31, 2017 Further verification revealed the following information (a) The appraised value of the property acquired from Twice Company, which had stopped operations as follows: Land 300.000 2,000,00 Building Machinery and equipment 700.000 3,000,00 in exchange for the property of Twice Company, Blackpink issued 25,000 shares of its P100.00 par ordinary shares. On the date of purchase, the share had a market value of P108.00 per share. (b) On Dec. 6 acquisition, the company paid cash for the machinery purchase. The company is corned 2%% cash discount. Freight of 18,000 was likewise paid and charged to an expense account o. In the balance sheet of Blackpink Company as of June 5, 2017, the amounts to be shown for Land ist Building up Machinery and Equipment is? b. In the balance sheet of Blackpink Company as of December 31, 2017, the amounts to be shown for Land isP Building is? Machinery and Equipnient is? Hinder Company acquires a new manul acquiring offupment on January 1, 2017, on installment basis. The deferred paycast contract govides for a dawnpayinger of P300, 906 and an & year note for P3, 104, 160 note is to by ponti R equil andual installment payments, of $383, 020, including LON interest The pay are to Limide on December 31 of each year beginning beachdior 31, 2017, The equipment has a cash equivalent of 92,370 009. Haven's financial your inc is Ducembar 21 What is the acquisition cost of the equipment