Question 5 (25 marks) Complex Computer Ltd. had a December 31 year end. Complex Computer Ltd. completed the following transactions: 2018 February 01: Paid $ 3,000,000 plus $ 100,000 in legal fees, pertaining to all assets purchased, to acquire the following assets: Asset || Appraised Value | Estimated Useful Life Estimated Residual Value Land Building 1 Equipment $ 900.000 1 ,600,000 | 20 years I S200,000 50,000 800,000 10 years Complex Computer Ltd. used the straight-line amortization method. March 01: Purchased a van for $ 60,000 cash. Complex Computer Ltd. determined that the estimated useful life of the van was 5 years with no residual value. March 01: Complex Computer Ltd. paid $ 4,000 cash to paint the company's logo on the van. June 01: Complex Computer Ltd. paid $ 65,000 cash for annual maintenance work done on the equipment. December 31: Complex Computer Ltd. recorded amortization on its assets. 2019 July 01: Complex Computer Ltd. sold the van for $ 40,000. December 31: Complex Computer Ltd. recorded amortization on its assets. Required: A. Record the above transactions in a general journal. Provide explanations. Round all amounts to the nearest dollar. B. Show the balance sheet presentation of the assets at December 31, 2019. DATE 2018 General Journal ACCOUNT TITLES AND POST. EXPLANATIONS REF. DEBIT | CREDIT MUTLU DATE 2019 General Journal ACCOUNT TITLES AND POST. EXPLANATIONS REF. DEBIT CREDIT Balance Sheet