Required information (The following information applies to the questions displayed below) Shahia Company bought a building for $82,000 cash and the land on which it was located for $108,000 cash. The company paid transfer costs of $11,000 ( $4,000 for the building and $7,000 for the land). Renovation costs on the buelding were $24,000 Required: 1. Prepare the journal entry to record the purchase of the property. including all relevant expenditures. Assume that all transactions were for cash and that all purchases occurted at the start of the year. of no entry is required for o transection/event, select "No joumal entry required" in the first account field.) Journal entry worksheet Record the porchase of property, including all expenditures, paid with cash Wotei tenbr decots belore oreite