Blossom Company has a December 31 fiscal year end and follows ASPE. The following selected transactions are related to its property, plant, and equipment in 2021: Jan. 12 Feb. 6 Apr. 24 May 17 July 19 Aug. 21 All of the company's light bulbs were converted to energy-efficient bulbs for $2,350. Blossom expects that this will save money on its utility bills in the future. Paid $5,550 to paint equipment that had started to rust. An air conditioning system was installed in the factory for $75,500. Safety training was given to factory employees on using the equipment at a cost of $3,050. Windows broken in a labour dispute (not covered by insurance) were replaced for $5,950. Paid $25,100 to convert the company's delivery vehicles from gasoline to propane, Blossom expects this will substantially reduce the vehicles' future operating costs and consequently improve efficiency, but it will not extend the vehicles useful lives. The exhaust system in a delivery vehicle was repaired for $2,750. New parts were added to equipment for $20,100. Blossom expects this will increase the equipment's useful life by four years. After recording annual depreciation, Blossom reviewed its property, plant, and equipment for possible impairment. Blossom determined the following: 1. Land that originally cost $202,500 had previously been written down to $177,500 in 2018 as a result of a decline in the recoverable amount. The current recoverable amount of the land is $225,500. The recoverable amount of equipment that originally cost $ 163,500 and has accumulated depreciation of 2. $72.500 is $57,500. Sept. 20 Oct. 25 Dec. 31 For each of these transactions indicate the amount by which the transaction increased or decreased Land, Building, Equipment, Accumulated Depreciation total property, plant, and equipment (PPSE), and profit. (If a transaction causes a decrease in Assets, Liabilities or Owner's Equity place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Accum. Depr. Transaction Land Building Equipment Jan. 12 $ $ $ $ Feb. 6 Apr. 24 May 17 July 19 Aug. 21 Sept. 20 Oct. 25 Dec 31 (1) Dec. 31 (2) Prepare journal entries to record the above transactions. All transactions are paid in cash. (Credit account titles are automatically indented when the 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. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit + (Paid for repairs expense.) (Paid for repairs expense.) (Paid for air conditioning system.) -15 (Paid for air conditioning system.) (Paid for training expense.) (Paid for repairs expense.) (Paid for fuel conversion of trucks.) (Paid for repairs expense.) (Paid for additions to equipment.) 22 o W X P = (Paid for repairs expense.) (Paid for additions to equipment.) (To record impairment loss on land.) (To record impairment loss on equipment.) e Textbook and Media Question Part Score