Presented below is information related to Sheridan Company. 1. On July 6, Sheridan Company acquired the plant assets of Doonesbury Company, which had discontinued operations. The appraised value of the property is: Sheridan Company gave 12,300 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. Sheridan 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, $312,000, subject to a 2% cash discount, and freight on equipment of $12,600. repare entries on the books of Sheridan Company for these transactions. (Do not round intermediate alculations and final answers to 0 decimal places e.g. 58,971. Credit account titles are automati No. Account Titles and Explanation 1. Land Buildings Equipment Common Stock Paid-in Capital in Excess of Par - Common Stock 2. Buildings Equipment Land Improvements Land Cash 3. Equipment Cash