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Bramble Industries purchased the following assets and constructed a buliding as well. All this was done during the current year. Assets 1 and 2: These assets were purchased as a lump sum for $240,000cash. The following information was gathered. Asset 3: This machine was acquired by making a $24,000 down payment and issuing a $72,000,2-year, zero-interest-bearing note. The note is to be paid off in two $36,000 instaliments made at the end of the first and second years. It was estimated that the asset could have been purchased outright for 586,160 . Asset 4: This machinery was acquired by trading in used machinery. (The exchange lacks commercial substance) Facts concerning the trade.in areas follows. Asset 5: Equipment was acquired by issuing 100 shares of $19 par value common stock. The stock had a market price of $26 per share. Construction of Building: A building was constructed on land purchased last year at a cost of $360,000. Construction began on February 1 and was completed on November 1. The payments to the contractor were as follows. To finance construction of the building: a $1.440,000,12% construction loan was taken out on February 1. The loan was repaid on November 1 . The firm had $480,000 of other outstanding debt during the year at a borrowing rate of 8%, Record the acquisition of each of these assets, (Do not round intermediate calculations and final answers to 0 decimal ploces es. 58,971. Credit occount 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 0 for the omounts. List all debit entries before credit entries. Account Titles and Explanation Debit Credit Acquisition of Assets 1 and 2 Machinery Equipment Acquisition of Asset 3 Machinery Interest Expense Acquisition of Asset 4 Machinery Accumulated Depreciation- Machinery Accumulated Depreciation - Machinery Gain on Disposal of Machinery Machinery Acquisition of Asset 5 Equigment Common Stock Paid lin Capital in Excess of Par - Common Stock (To record acquisition of Office Equipment) Buildings Land Cash (To record construction of Building)