Required information The following information applies to the questions displayed below] Bridge City Consulting bought a building and the land on which it is located for $125.000 cash. The land is estimated to represent 60 percent of the purchase price. The company paid $10,000 for building renovations before it was ready for use. 2 Prepare the journal entry to record all expenditures. Assume that all transactions t were for cash and they occurred at the start of the year. (f no entry is required for a trensaction/event, select "No Journal Entry Required" in the first account fie Journal entry worksheet