Prepare journal entries for each of the following transactions entered Into by the City of Loveland. [If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Round your final answers to the nearest whole dollar.) General Journal Debit Credit 1. The city received a donation of land that is to be used by Parks and Recreation to develop a public park. At the time of the donation, the land had an acquisition value of $5,600,000 and was recorded on the donor's books at a historical cost of S4,900,000 General Fund 2. The Public Works Department sold machinery with a historical cost of $35,700 and accumulated n of $29,450 for $5,900. The had been with I revenue funds. General Fund 3. A car was leased for the mayor's use. The first payment was $1,100 and the present value of the remaining lease was S33,000 The initial cash t was made by the General Fund 3a General Fund Record the lease of car to the Mayor