Make appropriate journal entries for the following:

10 January 5: Pane performs renovations to convert a previously empty wing of their warehouse into additional production facilities. During the renovation, they also perform annual maintenance on their existing machines. They pay for both the renovation and maintenance in cash. $275,000 New production wing Useful life of addition Maintenance on existing machines 20 $55,000 January 12: Pane purchased inventory on account. Inventory Purchased $37,000,000 January 15: The company pays off the previous year's (2018) payroll tax liabilities (see the trial balance on the "Information" tab to get the amounts). 10 March 31: Pane purchases a machine for cash to make stained glass windows. The contract has terms of 2/10, n/30. The company pays in time to receive the discount. The machine has no residual value. (Hint: sales tax and discount should be calculated as a % of list price). Contract Price: Transportation Costs: Installation Costs: Sales Tax (% of original invoice amount): Useful Life of Machine (years) $125,700 $4,300 $7,500 7.5% At the beginning of the 2019, the company's 1/1/2019 trial balance was as follows: Credit Debit 27,292,736 21,002,000 7,688,900 437,000 437,000 983,100 983,100 956,000 480,000 Number Title 100 Cash 110 Accounts Receivable 120 Inventory 130 Machinery 135 Accumulated Depreciation - Machinery 160 Buildings 165 Accumulated Depreciation - Building 170 Land 190 Goodwill 200 Accounts Payable 220 Employee Income Tax Withholding Payable 222 Federal Unemployment Tax Payable 224 State Unemployment Tax Payable 226 F.I.C.A. Payable 300 Common Stock 305 APIC - Common 310 Preferred Stock 315 APIC - Preferred 320 Treasury Stock 340 Retained Earnings 11,665,800 2,506,900 12,900 67,725 1,604,416 4,900,000 5,060,000 1,800,000 5,060,000 70,000 24,811,895 58,909,736 58,909,736