Exercise 10-13 Presented below is information related to Pearl Company 1. On July 6, Pearl Company acquired the plant assets of Doonesbury Company, which had discontinued operations. The appraised value of the property is: Land Buildings Equipment $375,000 1,125,000 750,000 $2,250,000 Total Pearl Company gave 12,500 shares of its $100 par value common stock in exchange. The stock had a market price of $228 per share on the date of the purchase of the property 2. Pearl Company expended the following amounts in cash between July 6 and December 15, the date when it first occupied the building. (Prepare consolidated entry for all transactions below.) $100,950 140,220 121,340 172,860 18,660 Repairs to building Construction of bases for equipment to be installed later Driveways and parking lots Remodeling of office space in building, including new partitions and walls Special assessment by city on land 3. On December 20, the company paid cash for equipment, $265,400, subject to a 2% cash discount, and freight on equipment of $10,930 Prepare entries on the books of Pearl Company for these transactions. (Round intermediate calculations to 5 decimal places, e.g. 1.25124 and final answer to o decimal places e.g. 58,971. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)