On August 1, Sally purchased a marina for $1,500,000, including the clubhouse. The appraised value of the clubhouse is $450,000, the appraised value of the dock (i.e. land improvements) is $150,000, and the value of the underlying beach front property is $1,200,000. Other helpful info: GAAP does not allow you to record a gain on a purchase. What is the initial value Sally records for the dock? (enter your number in whole dollars without a dollar sign but with commas) I ACTIVITY 1: Jillybean Mining Company operates a copper mine in Montana. The company paid $1,000,000 in 2019 for the mineral rights and spent an additional $100,000 in exploration and development costs in 2019 to get the mine ready for operations at the beginning of 2020. The company is required to restore the land to its original condition when the extraction is finished in 5 years. The best estimates of the cost of restoration are as follows: Cash Outflow Probability Best case: $200,000 30% Most likely case: $400,000 . 45% Worst case: $800,000 25% Jackpot's cost of borrowing is 10%. Jackpot also purchased some equipment valued at $200,000 to be used in excavation/extraction. The equipment will be sold after the copper is mined. Pleahe mark each correct answer below and leave the incorrect answers unmarked. The initial value of the mine should include the costs of acquisition, exploration, and development and the PV of the restoration costs. The initial value should be $1,540,000. D The initial value should be $1,373,240. D A liability should be recorded in the amount of $440,000. A liability should be recorded in the amount of $273.240