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 depreciable asset. During 2018, Gloria Roper Associates completed the following transactions: (Click the icon to view the 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.) - More info Purchased office equipment, $114,000. Paid $83,000 cash and financed the remainder Jan. 1 with a note payable. Acquired land and communication equipment in a lump-sum purchase. Total cost was $380,000 paid in cash. An independent appraisal valued the land at $299,250 and the Apr. 1 communication equipment at $99,750. Sold a building that cost $550,000 (accumulated depreciation of $260,000 through December 31 of the preceding year). Gloria Roper Associates received $430,000 cash from the sale of the building. Depreciation is computed on a straight-line basis. The Sep. 1 building has a 40-year useful life and a residual value of $40,000. 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- Dec. 31 balance method over five years with a $2,000 residual value