please full calculation and explanation

Alberta Corporation is a regional manufacturer of automobile parts. In eanya company acquired land and a building to be used as the company's ne turer of automobile parts. In early January 2020, the and and a building to be used as the company's new plant. Alberta issued a est bearing note to the seller. Payment is to be made in equal instalments at the end on each year. As a result of a depressed real estate market, the fair value of the building readily determined. However, it has been determined, given Alberta's credit rating and ns, an interest rate of 9% would properly reflect the substance and credit risk of the negotiated payment schedule. One third of the total value of the acquisition is attributable to the land. Other information relevant to the purchase follows: $ 376,819 Amount of each non-interest bearing note instalment payment Term of note payable (in years) Estimated useful life of building (in years) 27 Alberta Corporation moved one of its factory machines to the new plant on March 15, 2020. To maximize efficiency of manufacturing operations, Alberta replaced the engine of this machine with a new engine. The new engine will significantly reduce operating expenses and increase the life of the equipment by 15 years. Other information about this transaction follows: Cost of original engine Accumulated depreciation recorded on original engine Cost of new engine 53,714 32,228 129,351 REQUIRED: Prepare entries to record: (a) the purchase and disposal of property, plant, and equipment for the 2020 year; and (b) the first payment on the note payable. Assume cash was paid for the purchase of the new engine. Also assume that the first payment on the note payable was made on December 31, 2020. Eiclos