Scenario B A Co acquired a controlling interest in B Co and entered into the following transactions on acquisition date, 1 July 20x3. 1. Cash payment to owners of B Co.... 2. Loan payable to banks to finance the acquisition of B Co. 3. Fair value of land transferred to owners of B Co... 4. Book value of land transferred to owners of B Co... 5. Contingent refund, amount paid by seller at the end of 2 years. 6. Present value of $300,000 at an appropriate interest rate. 7. Probability of refund occurring...... $1,000,000 $2,200,000 $500,000 $400,000 $300,000 $272,109 0.20 Required: Prepare the journal entries to record the above transactions on 1 July 20x3 in the books of A Co. Unamortized discount or premium, where applicable, should be shown separately.