Exercise 10-25 On April 1, 2017, Novak Company received a condemnation award of $619,200 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 Tes newo 10n1d/ 62 320 biiing cost re.d1, 2017, th ccumiated deprecdetion reeting to the building arnourted to $20.400. On August 1, 2017, Novek purchused a piece of repicnproperty forcas Prepare the joumal entries to record the transactions on April 1 and August 1, 2017. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, slect "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation April 1 Debit Credit Aug.1