plz complete all parts

Part 1 - Assume that $45,000 of equipment was purchased on February 4. A $20,000 down payment was made and a bank loan of $25,000 was obtained to pay for the remaining cost of the equipment. Cash expenditures that relate to this purchase include: (a) What is the cost of equipment? (2 marks) Leave column D blank if a cost is not included in the cost of the equipment Amount ($) Equipment $ 45,000 Insurance during shipping $120; $ 120 Annual insurance policy, $750; S Installation and testing costs, $600; and 600 Wages to train staff for the new equipment, $800. $ Total Cost of Equipment $ 45,720 uuuu (6) Prepare the journal entry to record the cost of equipment you have above. (4 marks) if you have omitted costs above, you do not need to record these. Date Account Debit Credit 22 Part 2 - Assume that a company purchased a call center for $750,000. The value of each individual asset is not known and the actual market value of the asset does not equal the amount paid. The appraisal provided the following fair values: 24 25 The buyer was able to negotiate a lower purchase price as the seller was very motivated to sell. Allocate the purchase price to each of the assets acquired. (4 marks) 26 PILATEU Cost Purchase Price (0) Item Fair Value Percentage 27 26 (A) (B) (c) 29 Building $380,000 30 Furniture $420,000 31 Parking Lot $200.000 22 Total $1,000,000 33 34 Prepare the journal entry to record the purchase of the call center (4 marks) 35 Account Debit Credit BO 12 119