Jason Li, a majority shareholder of Sweet Co, sold land to Sweet Co in exchange for $198,800. The land, which Jason had previously purchased for $150,500, was to be used by Sweet Co for the expansion of its warehouse. (a1) Assume that Sweet Co follows ASPE. Prepare the journal entry to record the purchase of the land. (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 for the amounts.) Account Titles and Explanation Debit Credit