E10.25 (LO 5) (Disposition of Assets) On April 1, 2020, Estefan Company received a condemna- tion award of $430,000 cash as compensation for the forced sale of the company's land and building, which stood in the path of a new state highway. The land and building cost $60,000 and $280,000, respec- tively, when they were acquired. At April 1, 2020, the accumulated depreciation relating to the building amounted to $160,000. On August 1, 2020, Estafan purchased a piece of replacement property for cash. The new land cost $90.000, and the new building cost $400.000. Instructions Prepare the journal entries to record the transactions on April 1 and August 1, 2020