During 2020, Domine, paid $106.000 for land and bailestaurant in Collingwood, Ontario Prior to construction, the aty of Colingwood charged Divisine 11.100 for a bude permet which Davise od whead 15.100 for wees. The construction cost of 5075000 was inanced by fogomot ayati donary 1 2020 with interest cost of $28.00 paid at December, 2020 The was completed September 30, 2000. Davis Ine wildpreciate the building by the straight method over 25 years, with animated residual va of 540,000 Requirement 1, Juan transactions for the following record debitsfest. then crudit. Explanations are not required. Hold all decimal in interm calculations. Round your final answer to the whole doll) Purce of Journal Entry Date Accounts Debit Credit In the chargeable buna single try Choose from any lorante any number in the input old and the conto the medition aand and built a restaurant in Collingwood, Ontario Prior to construction, the city of Collingwood charged Davis Inc. $1,100 for a building permit Konstruction.SAZE.CA....dom.net.au.denadas las. 2000.c.628,080 paid at Docen 4 he will * Requirements at the fold ions. Round your fir mal Entry 1. Joumalize transactions for the following (explanations are not required) a. Purchase of the land b. All the costs chargeable to the building in a single entry c. Depreciation on the building 2. Report this transaction in the Property, Plant, and Equipment on the company's balance sheet at December 31, 2020 3. What will Davis Ina's income statement for the year ended December 31, 2020, report for the building? 4. Suppose in 2021, Davis Inc, changed the useful life of the building from 25 years to 30 years. How will this affect the income statement and balance sheet? ng in a single Print Done mber in the input fields and then continue to the next question O T c 00