Doc123 - Word balparteck singhe File Home Insert Draw Design Layout References Mailings Review View Help Tell me what you want to do 2. Share Manufacturing Incorporated (M) purchased land on January 20X2, which it started to operate as a gravel pit. The gravel pit will be operating for the next 20 years. Al the end of the 20 years Ml will be required to incur an estimated cost of $5 million to restore the land. This is required by government legislation. The interest rate that reflects the risks to MI is 8% PV of S1. PVA of $1, and PVAD of $1.) (Use appropriate factor(s) from the tables provided.) Required: 1. Provide the journal entry for the restoration costs on 1 January 20X2. (If no entry is required for a transaction/event, select "No journal entry required in the first account field. Round your time value answers to 5 decimal places. Enter your answers in whole dollars, not in millions.) View transaction list Journal entry worksheet Record the provision for land. Note: Enter debits before credits. Date General Journal Debit Credit 20X2 m 3 + 1304 Page 1 of 2 Owords English (United State) Type here to search O EH 1 00 ENG 1:43 PM UK 12/15/2020