During 2020, Company ABC completed the following transactions. The company's accounts include Land, Buildings, Office Equipment, and Communication Equipment, with a separate Accumulated Depreciation account for each asset. Jan. 1 Purchased office equipment, $ 96,000. Paid $ 42,000 cash and financed the remaining with a note payable. (3 points) Apr. 1 Sep. 1 Acquired land and communication equipment in a lump-sum purchase. Total cost was $ 420,000 paid in cash. An independent appraisal valued the land at $345,600 and the communication equipment at $ 86,400. (5 points) Sold a building that cost $ 528,000 (accumulated depreciation of $ 72,000 through December 31 of the preceding year). The company received $482,400 cash from the sale of the building. Depreciation is computed on a straight-line basis. The building has a 40-year useful life and a residual value of $ 48,000. (Hint: don't forget to include partial depreciation for 2020 while making your calculations and recording this transaction) (6 points) Recorded depreciation as follows: Communication equipment is depreciated by the straight-line method over a five-year life with $ 4,000 residual value. (hint: Communication equipment is acquired on April 1) Dec. 31 Office equipment is depreciated using the double-declining-balance method over five years with a $ 6,000 residual value. (6 points) Record the transactions in the journal of Company ABC.Don't forget to include explanations. (Show your calculations to receive partial credit)