Presented below is information related to Blossom Company. 1. On July 6, Blossom Company acquired the plant assets of Doonesbury Company, which had discontinued operations. The appraised value of the property is: Blossom Company gave 12,200 shares of its $100 par value common stock in exchange. The stock had a market price of $168 per share on the date of the purchase of the property. 2. Blossom Company expended the following amounts in cash between July 6 and December 15 , the date when it first occupied the building. 3. On December 20, the company paid cash for equipment, $728,000, subject to a 2% cash discount, and freight on equipment of $29,400. Prepare entries on the books of Blossom Company for these transactions. (Do not round intermediate calculations and final answers to 0 decimal places e.g. 58,971. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) No. Account Titles and Explanation Debit Credit 1. Land \begin{tabular}{||r|} \hline 341668 \\ \hline \hline \end{tabular} Buildings 1024800 Equipment \begin{tabular}{|r|} \hline 683132 \\ \hline \hline \end{tabular} Common Stock 1220000 Paid-in Capital in Excess of Par - Common Stock 829600 2. 3