please fill out the financial statement in accordance to IFRS and also find effective interest rate please and thank you

Current Attempt in Progress Wildhorse Industries Corp. purchased the following assets and also constructed a building. All this was done during the current year using a variety of financing alternatives. Assets 1 and 2 These assets were purchased together for $120,000 cash. The following information was gathered: Asset 3 This machine was acquired by making a $9,300 down payment and issuing a $31,400, two-year, zero-interest-bearing note. The note is to be paid off in two $15,700 instalments made at the end of the first and second years. It was determined that the asset could have been purchased outright for $34,400. A building was constructed on land that was purchased January 1 at a cost of $152,000. Construction began on February 1 and was completed November 1. The payments to the contractor were as follows: To finance construction of the building, a $616,000,14% construction loan was taken out on February 1 . At the beginning of the project, Wildhorse invested the portion of the construction loan that was not yet expended and earned investment income of $4,000. The loan was repaid on November 1 when the construction was completed. The firm had $201,000 of other outstanding debt during the year at a borrowing rate of 11% and a $190,000 loan payable outstanding at a borrowing rate of 7%. Wildhorse uses a variety of alternatives to finance its acquisitions. Record the acquisition of each of these assets, assuming that Wildhorse prepares financial statements in accordance with IFRS. Use the net amount to record the note. (Credit account titles are automatically indented when the 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. Round capitalization rate to 2 decimal places, e.g. 52.75% and final answers to 0 decimal places, e.g. 5,275.) A truck was acquired by trading in an older truck that has the same value in use. The newer truck has options that will make it more comfortable for the driver; however, the company remains in the same economic position after the exchange as before. Facts concerning the trade-in are as follows: Asset 5 Equipment was acquired by issuing 160 common shares. The shares are actively traded and had a closing market price a few days before the equipment was acquired of $11 per share. Alternatively, the equipment could have been purchased for a cash price of $1,735 Construction of Building A building was constructed on land that was purchased Janulary 1 at a cost of $152. OOO. Construction began on February 1 and was completed November 1 . The payments to the contractor were as follows: Wildhorse uses a variety of alternatives to finance its acquisitions. Record the acquisition of each of these assets, assuming that Wildhorse prepares financial statements in accordance with IFRS. Use the net amount to record the note. (Credit account titles are automatically indented when the 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. Round capitalization rate to 2 decimal places, e.g. 52.75% and final answers to 0 decimal places, e.g. 5,275.) Acquisition of Asset 4 Acquisition of Asset 5 Construction of Building What was the effective interest rate used in negotiating the note payable used to acquire the mach financial calculator to arrive at your answer. (Round final answer to 3 decimal places, e.g. 1.234\%.) Effective interest rate % Current Attempt in Progress Wildhorse Industries Corp. purchased the following assets and also constructed a building. All this was done during the current year using a variety of financing alternatives. Assets 1 and 2 These assets were purchased together for $120,000 cash. The following information was gathered: Asset 3 This machine was acquired by making a $9,300 down payment and issuing a $31,400, two-year, zero-interest-bearing note. The note is to be paid off in two $15,700 instalments made at the end of the first and second years. It was determined that the asset could have been purchased outright for $34,400. A building was constructed on land that was purchased January 1 at a cost of $152,000. Construction began on February 1 and was completed November 1. The payments to the contractor were as follows: To finance construction of the building, a $616,000,14% construction loan was taken out on February 1 . At the beginning of the project, Wildhorse invested the portion of the construction loan that was not yet expended and earned investment income of $4,000. The loan was repaid on November 1 when the construction was completed. The firm had $201,000 of other outstanding debt during the year at a borrowing rate of 11% and a $190,000 loan payable outstanding at a borrowing rate of 7%. Wildhorse uses a variety of alternatives to finance its acquisitions. Record the acquisition of each of these assets, assuming that Wildhorse prepares financial statements in accordance with IFRS. Use the net amount to record the note. (Credit account titles are automatically indented when the 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. Round capitalization rate to 2 decimal places, e.g. 52.75% and final answers to 0 decimal places, e.g. 5,275.) A truck was acquired by trading in an older truck that has the same value in use. The newer truck has options that will make it more comfortable for the driver; however, the company remains in the same economic position after the exchange as before. Facts concerning the trade-in are as follows: Asset 5 Equipment was acquired by issuing 160 common shares. The shares are actively traded and had a closing market price a few days before the equipment was acquired of $11 per share. Alternatively, the equipment could have been purchased for a cash price of $1,735 Construction of Building A building was constructed on land that was purchased Janulary 1 at a cost of $152. OOO. Construction began on February 1 and was completed November 1 . The payments to the contractor were as follows: Wildhorse uses a variety of alternatives to finance its acquisitions. Record the acquisition of each of these assets, assuming that Wildhorse prepares financial statements in accordance with IFRS. Use the net amount to record the note. (Credit account titles are automatically indented when the 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. Round capitalization rate to 2 decimal places, e.g. 52.75% and final answers to 0 decimal places, e.g. 5,275.) Acquisition of Asset 4 Acquisition of Asset 5 Construction of Building What was the effective interest rate used in negotiating the note payable used to acquire the mach financial calculator to arrive at your answer. (Round final answer to 3 decimal places, e.g. 1.234\%.) Effective interest rate %