Item1 Part 1 of 2 11.11 points eBookHintPrintView previous attemptCheck my workCheck My Work button is now enabled1Item 1 Required information E9-2 (Algo) Computing and Recording a Basket Purchase and Straight-Line Depreciation [LO 9-2, LO 9-3] Skip to question [The following information applies to the questions displayed below.] Bridge City Consulting bought a building and the land on which it is located for $125,000 cash. The land is estimated to represent 60 percent of the purchase price. The company paid $10,000 for building renovations before it was ready for use. E9-2 (Algo) Part 2 Required: Prepare the journal entry to record all expenditures. Assume that all transactions were for cash and they