Required information Exercise 10-11 (Static) IFRS; acquisition cost; issuance of equity securities and donation (LO10-4, 10-9) [The following information applies to the questions displayed below) On February 1, 2021, the Xilon Corporation issued 50,000 shares of its no par common stock in exchange for five acres of land located in the city of Monrovia. On the date of the acquisition, Xilon's common stock had a fair value of $18 per share An office building was constructed on the site by an independent contractor. The building was completed on November 2 2021, at a cost of $6,000,000 Xilon paid $4,000,000 in cash and the remainder was paid by the city of Monrovia Exercise 10-11 (Static) Part 2 2. Assuming that Xilon prepares its financial statements according to International Financial Reporting Standards, select all the correct alternatives the company has for recording the acquisition of the office building (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be outomatically graded os incorrect.) Some tronment an GAAP Deduct the amount of the grant in determining the initial cost of the office bulding Record the grant as a Hability, deferred income, in the balance sheet and recognize the income statement systematically over the office buildings useful life