QuestIon7 130 points SunBlush Technologies purchased a landfill on January 3, 2015 for $5 million. It will use the landfill for 3 years at which time it will be closed. The cost of closing the landfill after 3 years is $1.50 million. The effective rate of interest for SunBlush Technologies is 7% and all purchases were made for cash. SunBlush Technologies' fiscal year end is December 31, 2015. Enter an appropriate description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (ie. January 15 would be 15/Jan) Please make sure your final answer(s) are accurate to 2 decimal places. Record the following entries: a) The purchase of the landfill. Debit b) The recognition of the asset retirement obligation (ARO). Debit c) The adjusting entries required at year end regarding the landfill assuming SunBlush Technologies uses the straight-ine method for its long-term assets d) The entry on January 4, 2018 to close the landfill assuming it cost SunBlush Technologies $955,000. General Journal Page G7 DateAccount/ExplanationPR Debit Credit