Question Information for Sandhill Ltd. follows: 1. On July 6, Sandhill acquired the plant assets of Desbury Company, which had discontinued operations. The property was appraised by a reliable, independent valutor on the date of acquisition as follows: Land $ 572,000 Building-structure 1.728.000 Building-HVAC 173,000 Machinery 707.000 Total $3,180,000 Sandhill gave. 18,000 of its common shares in exchange. The most recent sale of Sandhill's common shares took place last month, when 7,700 shares were sold for $185 per share 2. Sandhill had the following cath expenses between July and December 15, the date when it first occupied the building Renovations and refurbishments of building $ 105,000 Construction of bases for machinery to be installed later 131.000 Driveways and parking lots 125,000 Remodelling of office space in building, including new partitions and walls 02.400 Special assessment by oty on land 21.600 On December 20, Sandhill purchased machinery for $265,000, subject to a discount and paid front on the machinery of $12,000. The machine was dropped while being placed in position, which resulted in paving the supplier for repairs costing 520.500. The company paid the supplier on the day that the machinery was received, and recorded the purchase of machinery net of any discount Prepare the entries for these transactions on the books of Sandhil itd. Sandhall prepares financial statements in accordance with IFRS. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select No Entry for the account withes and enter for the amounts.) No Account Titles and Explanation Debit Credit 1. 2 To record purchase of property 2 (To record purchase of machinery)