Plant acquisitions for selected companies are as follows. 1. Swifty Industries Inc. acquired land, buildings, and equipment from a bankrupt company, Torres Co., for a lump-sum price of $938,000. At the time of purchase, Torres's assets had the following book and appraisal values. Book Values Appraisal Values Land $268,000 $201,000 Buildings Equipment 335,000 469,000 402,000 402,000 To be conservative, the company decided to take the lower of the two values for each asset acquired. The following entry was made. Land 201,000 Buildings 335,000 Equipment Cash 402,000 938,000 SL 2. Nash Enterprises purchased store equipment by making a $2,680 cash down payment and signing a 1-year, $30,820, 10% note payable. The purchase was recorded as follows. Equipment 36,582 Cash 2,680 Notes Payable 30,820 Interest Payable 3,082 3. Crane Company purchased office equipment for $21,900, 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 Cash Purchase Discounts: 21,900 21,462 438 4. Cheyenne 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 $36,180. The company made no entry to record the land because it had no cost basis. 5. Ayayai Company built a warehouse for $804,000. It could have purchased the building for $991,600. The controller made the following entry. Buildings Cash Profit on Construction 991,600 804,000 187,600 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 O decimal places, eg. 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 O for the amounts.) No. Account Titles and Explanation 1. Debit Credit SUP