On April 1, 2020, Ayayai Company received a condemnation award of $636,400 cash as compensation for the forced sale of the companys land and building, which stood in the path of a new state highway. The land and building cost $88,800 and $414,400, respectively, when they were acquired. At April 1, 2020, the accumulated depreciation relating to the building amounted to $236,800. On August 1, 2020, Ayayai purchased a piece of replacement property for cash. The new land cost $133,200, and the new building cost $592,000. Prepare the journal entries to record the transactions on April 1 and August 1, 2020.