Plant acquisitions for selected companies are as follows. 1. Crane Industries Inc. acquired land, buildings, and equipment from a bankrupt company, Torres Co., for a lump-sum price of $ 798,000. At the time of purchase, Torress assets had the following book and appraisal values.

		Book Values			Appraisal Values
Land		$ 228,000			$ 171,000
Buildings		285,000			399,000
Equipment		342,000			342,000

To be conservative, the company decided to take the lower of the two values for each asset acquired. The following entry was made.

Land		171,000
Buildings		285,000
Equipment		342,000
Cash				798,000

2. Cheyenne Enterprises purchased store equipment by making a $ 2,280 cash down payment and signing a 1-year, $ 26,220, 10% note payable. The purchase was recorded as follows.

Equipment		31,122
Cash				2,280
Notes Payable				26,220
Interest Payable				2,622

3. Ayayai Company purchased office equipment for $ 21,500, terms 2/ 10, n/30. Because the company intended to take the discount, it made no entry until it paid for the acquisition. The entry was:

Equipment		21,500
Cash				21,070
Purchase Discounts				430

4. Pina Inc. recently received at zero cost land from the Village of Cardassia as an inducement to locate its business in the Village. The appraised value of the land is $ 30,780. The company made no entry to record the land because it had no cost basis. 5. Grouper Company built a warehouse for $ 684,000. It could have purchased the building for $ 843,600. The controller made the following entry.

Buildings		843,600
Cash				684,000
Profit on Construction				159,600

Prepare the entry that should have been made at the date of each acquisition. (Round intermediate calculations to 5 decimal palces, e.g. 0.56487 and final answers to 0 decimal places, e.g. 5,275. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)