Required: 1. Prepare a spreadsheet with following columns. Assume company follows IFRS. DESCRIPTION LAND BUILDING MACHINE OTHER Determine the amounts that should be included in the Land, Building, and Machinery accounts. If the cost does not fall under one of these accounts, indicate the account it should be debited to in the "other" category. Show calculations. (19 marks) 2. Assume on January 1, 2021 they decided to trade their Machine for a NEW machine. As part of this trade, the company (Stuff Inc.) also paid $10,600 in cash. Assume that the oid machine had a market value of $58,000 on January 1, 2021 (the date of the trade). The NEW machine has a market value of $68,650. Double declining balance Depreciation method was used for the old machine assuming an oniginal useful bfe of 5 years. Show all calculations including Depreciation of the old machine. Prepare the journal entry on January 1,2021 ro record the trade (6 marks)