1. Nofi Beachcombers Corp.$90,000 cash for land, equipment, and a building. The property included land appraised at $87,500, equipment appraised at$35,000, and a building appraised at $52,500. Prepare the journal entry to record the transaction. Show all supporting calculations below your journal entry. Failure to show supporting calculations will result in a significant point penalty. If rounding is necessary, round percentages to the nearest whole percentage and allocated costs to the nearest whole dollar. Copy and paste this chart into the answer box and complete the question.

Ref	Account	Debit	Credit