Presented below is information related to Wildhorse Company. 1. On July 6, Wildhorse Company acquired the plant assets of Doonesbury Company, which had discontinued operations. The appraised value of the property is: Land $300,000 Buildings 900,000 Equipment 600,000 Total $1,800,000 Wildhorse 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. Wildhorse Company expended the following amounts in cash between July 6 and December 15, the date when it first occupied the building. (Prepare consolidated entry for all transactions below.) Repairs to building Construction of bases for equipment to be installed later Driveways and parking lots $231,000 297,000 268,400 Remodeling of office space in building, including new partitions and walls 354,200 Special assessment by city on land 39,600 3. On December 20, the company paid cash for equipment, $572,000, subject to a 2% cash discount, and freight on equipment of $23,100.