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Jada Company had the following transactions during the year: Purchased a machine for $460,000 using a long-term note to financeit. Paid $480 for ordinary repair

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Jada Company had the following transactions during the year: Purchased a machine for $460,000 using a long-term note to financeit. Paid $480 for ordinary repair Purchased a patent for $48,000 cash Pald $190,000 cash for addition to an existing building Paid $51,000 for monthly salaries Paid $280 for routine maintenance on equipment Paid $11,000 for major repairs. Depreciation expense recorded for the year is $26,000. A. If all transactions were recorded properly, what is the amount of increase to the Property, plant, and Equipment section of Jada's balance sheet resulting from this year's transactions? B. What amount did Jada report on the income statement for expenses for the year

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