Gloria Roper Associates surveys American eating habits. The company's accounts include Land. Buildings. Office Equipment, and Communication Equipment, with a separate Accumulated Depreciation account for each asset. During 2016. Gloria Roper completed the following transactions: Record the transactions in the journal of Gloria Roper Associates. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Jan. 1: Purchased office equipment. $115,000. Paid $81,000 cash and financed the remaining with a note payable. (Record a single compound journal entry.) Jan. 1 Purchased office equipment. $115,000. Paid $81,000 cash and financed the remaining with a note payable. Apr 1 Acquired land and communication equipment in a lump-sum purchase. Total cost was $330,000 paid in cash. An independent appraisal valued the land at $259, 875 and the communication equipment at $86, 625. Sep. 1 Sold a building that cost $580,000 (accumulated depreciation of $280,000 through December 31 of the preceding year). Gloria Roper received $410,000 cash from the sale of the building. Depreciation is computed on a straight-line basis. The building has a 40-year useful life and a residual value of $40,000. Dec. 31 Recorded depreciation as follows: Communication equipment is depreciated by the straight-line method over a five-year life with zero residual value. Office equipment is depreciated using the double-declining-balance method over five years with a $1,000 residual value