DynaChrome Bumpers bought two acres of land with an old office building on it that was deemed unusable. The cost was $480,000 of which DynaChrome paid $80,000 in cash as a down payment and signed a 7% mortgage for the remainder DynaChrome immediately had the old building razed at a net cost of $8,700 and sold the salvaged materials for $2,200. Attorneys were paid $1,100 in connection with the purchase. The architect's fee for drawing building plans for the new building cost $6,800. DynaChrome paid $3,100 in connection with permits and zoning variances necessary prior to construction of the new building. DynaChrome paid the contractor $1,420,000 for construction of the new building, along with $42,000 for a parking lot and necessary walkways and driveways. A. At what amount should the land be recorded? B. At what amount should the new office building be recorded? On July 1, 2014, Winslow Enterprises sold equipment with an original cost of $86,000 for $33,000. The equipment was purchased January 1, 2011, and was depreciated using the declining-balance method over a five-year useful life with a $9,000 salvage value. Prepare the journal entries required to record the sale of the equipment. (rounded to the nearest dollar) 2