Club Ltd constructed a Machine and incurred the following costs in doing so: Amounts paid to employees to build the Machine $120 000 Raw materials consumed in building the Machine $45 000 Depreciation of manufacturing equipment attributed to the construction of the Machine $25 000 A. Provide the journal entries that Club Ltd would use to account for the construction of the asset (2.5 Marks) [Type Answer Here! B. Assume that immediately after the journal entries in part (a) have been made, new information becomes available that indicates that the recoverable amount of the Machine is only $160 000. Provide the adjusting journal entries. (2.5 Marks) Type Answer Here] Club Ltd constructed a Machine and incurred the following costs in doing so: Amounts paid to employees to build the Machine $120 000 Raw materials consumed in building the Machine $45 000 Depreciation of manufacturing equipment attributed to the construction of the Machine $25 000 A. Provide the journal entries that Club Ltd would use to account for the construction of the asset (2.5 Marks) [Type Answer Here! B. Assume that immediately after the journal entries in part (a) have been made, new information becomes available that indicates that the recoverable amount of the Machine is only $160 000. Provide the adjusting journal entries. (2.5 Marks) Type Answer Here]