Information for Carla Vista Ltd. follows: 1. On July 6, Carla Vista acquired the plant assets of Desbury Company, which had discontinued operations. The property was appraised by a reliable, independent valuator on the date of acquisition as follows: Land $ 525,000 Building-structure 2,441,000 Building-HVAC 175,000 Machinery 764,000 Total $ 3,905,000 Carla Vista gave 23,000 of its common shares in exchange. The most recent sale of Carla Vista's common shares took place last month, when 4,000 shares were sold for $175 per share. 2. Carla Vista had the following cash expenses between July 6 and December 15, the date when it first occupied the building: Renovations and refurbishments of building $ 109,000 Construction of bases for machinery to be installed later 133,000 Driveways and parking lots 127,000 Remodelling of office space in building, including new partitions and walls 63,100 Special assessment by city on land 18,300 On December 20, Carla Vista purchased machinery for $266,000, subject to a 4% cash discount, and paid freight on the machinery of $10,000. The machine was dropped while being placed in position, which resulted in paying the supplier for repairs costing $16,900. The company paid the supplier on the day that the machinery was received, and recorded the purchase of machinery net of any discount. Prepare the entries for these transactions on the books of Carla Vista Ltd. Carla Vista prepares financial statements in accordance with IFRS. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) No. Account Titles and Explanation Debit Credit 1.