Question 32 Not yet answered Siegle Company exchanged 400 shares of Guinn Company ordinary shares, which Siegle was holding as an investment, for equipment from Mayo Company. The Guinn Company ordinary shares, which had been purchased by Siegle for $50 per share, had a quoted market value of $58 per share at the date of exchange. The equipment had a recorded amount on Mayo's books of $21,000. What journal entry should Siegle make to record this exchange? Marked out of 1.00 P Flag question 23,200 Select one: O a. Equipment Investment in Guinn Co. Ordinary Shares 20,000 Gain on Disposal of Investment 3,200 b. Equipment Loss on Disposal of Investment Investment in Guinn Co. Ordinary Shares 23,200 21,000 2,200 21,000 c. Equipment Investment in Guinn Co. Ordinary Shares 20,000 Gain on Disposal of Investment 1,000 d. Equipment 20,000 Investment in Guinn Co. Ordinary Shares 20,000 Question 36 The cost of land typically includes the purchase price and all of the following costs except Not yet answered Marked out of 1.00 Select one: O a. private driveways and parking lots. o b. street lights, sewers, and drainage systems cost. C. grading, filling, draining, and clearing costs. d. assumption of any liens or mortgages on the property. P Flag