Mailings Review View Tell me AL AaBbCcDdE AaBbDdEe AaBbCcDE Normal Inf Tab Tr Td. Heading 5 Problem 2: During 2020, Mora Corporation completed the following transactions: Jan. 1 Traded in old office equipment with book value of $55.000 (cost of $127,000 and accumulated depreciation of $72,000) for new equipment. Mora also paid $70,000 in cash. Fair value of new equipment is $133,000. Assume the exchange had commercial substance. Apr.1 Sold equipment that cost $18,000 (accumulated depreciation of $8,000 through December 31 of the preceding year). Mora received $6,100 cash from the sale of the equipment. Depreciation is computed on a straight-line basis. The equipment has a five-year useful life and a residual value of So. Record the transactions in the journal of Mora Corporation. Problem 3: During 2020, Mora Corporation completed the following transaction: Jan. 1 Traded in old office equipment with book value of $55.000 (cost of S127,000 and accumulated depreciation of $72,000) for new equipment. Mora also paid $70,000 in cash. Fair value of new equipment is $133,000. Assume the exchange did not have commercial substance. Record the transaction in the journal of Mora Corporation. Problem 4: On March 1, Gatt Co. began construction of a small building. The following expenditures were incurred for construction: March 1 $ 90.000 April 1 $ 84,000 May 1 210,000 June 1 300,000 July 1 100,000 The building was completed and occupied on July 1. To help pay for construction $200,000 was borrowed on March 1 through a 12%, three-year construction loan. The only other debt outstanding during the entire year was a $500,000, 10% general purpose note payable. Instructions (a) Calculate the weighted average accumulated expenditures Calculate the interest to be capitalized. (b)