Prepare journal entries for each of the transactions. $($Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.$)$

$1)$ 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 $$5,200,000($general fund & govermental activities$)$

$2)$ The Public Werks Department sold machinery with a historical cost of $$35,100$ and accurnulated depreciation of $$28,700$ for $$6,000.$ The machinery had

originally been purchased with special revenut funds.

$3)$ A car was leased for the mayor's use. The first psyment was $$1,000$ and the present value of the rermaining lease paryents was $$29,000.($Note: Thet initial cash payment was made by the Gereral Fund.$)$

$4)$ During the current year, a capital projects fund completed a new public safety building staried in the prior year. The total cost of the project was $$9,720,000$;

current$-$year construction coests totaled $$750,000,$ paid in cash. The ful cost is attributed to the building becasuse it was constructed on city$-$owned property. The buiding came in $$5,000$ under budget, which is transferred to the General Fund.

$4$a$)$ record the $$750000$ cash payment made from construction cost during the year

$4$B$)$ record the balance $$5000$ transferred to general fund

$4$c$)$general fund

$4$d$)$ record the governmental activities general journal, the $$750000$ cash payment made for construction cost during this year.

$4$e$)$ record in the governmental activities general journal, the completion of a new public safety building on city$-$owned property stated in the prior year closing $$9720000.$

$5)$The city records a half year of straight$-$fine depreciation on capital assets placed in service Turing the year. The bruiting in item $4$ above has an estimated $30-$

year life and no salvage value.

$6)$ Due to technological developments, the city determined that the service capacity of some of the technology equipment used by general movement had been

impaired. The calculated impairment loss due to technology obsolescence was $$1,156,000.$