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Problem4 Vault Co. sold Land on 6/30/16 for $51,000. The original cost of the land was $55,000. Record the sale of the land. YOU MUST SHOW YOUR WORK. WHERE APPIICARIF TORFCEIVECREDIT. Problem 5 Refer to Problem 4. Indicate the effect (increase, decrease, no effect) as well as the corresponding dollar amount the above entry(ies) will have on Net Income