QUESTION 8 Mandeville purchased three machines at an auction for the lump sum of $280,000. It cost Mandeville $20,000 to have the equipment delivered and installed. The equipment had fair values as follows: Machine 1 Machine 2 Machine 3 $120,000 105,000 75,000 Required: Write the journal entry to report the acquisition of the machines. Report each machine separately. Account Debit Credit