Kingbird Company, a manufacturer of ballet shoes, is experiencing a period of sustained growth. In an effort to expand its production capacity to meet the increased demand for its product, the company recently made several acquisitions of plant and equipment. Rob Joffrey, newly hired in the position of fixed-asset accountant, requested that Danny Nolte. Kingbird's controller, review the following transactions. Transaction 1: On June 1, 2025. Kingbird Company purchased equipment from Wyandot Corporation. Kingbird issued a $25,200,4 year. zero-interest-bearing note to Wyandot for the new equipment. Kingbird will pay off the note in four equal installments due at the end of each of the next 4 years. At the date of the transaction, the p evailing market rate of interest for obligations of this nature was 10%. Freight costs of $421 and installation costs of $540 were incurred in completing this transaction. The appropriate factors for the time value of money at a 10% rate of interest are given below. Transaction 2: On December 1.2025, Kingbird Company purchased several assets of Yakima Shoes Inc, a smali shoe manufacturer whose owner was retiring. The purchase amounted to $198,000 and included the assets listed below. Kingbird Company engaged the services of Tennyson Appraisal Inc, an independent appraiser, to determine the fair values of the assets which are also presented below: During its fiscal year ended May 31,2026, Kingbird incurred $7.690 for interest expense in connection with the financing of these assets. Transaction 3: On March 1, 2026, Kingbird Company exchanged a number of used trucks plus cash for vacant land adjacent to its plant site. (The exchange has commercial substance.) Kingbird intends to use the land for a parking lot. The trucks had a combined book value of $36,960, as Kingbird had recorded $19,210 of accumulated depreciation against these assets. Kingbird's purchasing agent. who has had previous dealings in the secondhand market, indicated that the trucks had a fair value of $48,150 at the time of the transaction. In addition to the trucks, Kingbird Company paid $19,800 cash for the land. (b) For each of the three transactions described above, determine the value at which Kingbird Company should record the acquired assets. (Round answers to 0 decimal places es. 58.971.)