Sandhill Manufacturing operates a small factory building. Recently, the company paid some amounts related to its property, plant, and equipment. Sandhill paid $48,000 to replace part of the factory floor. The floor had been capitalized as part of the factory building when it was purchased ten years previously and was not considered a separate component. When purchased, the building had been assumed to have a 30-year useful life and was being depreciated on a straight-line basis. At the time of the floor replacement, the building had been depreciated for 10 years. Sandhill estimated that the original cost of the floor would have been 15% cheaper than the new replacement, due to inflation. Prepare the journal entries to record these transactions, assuming Sandhill follows IFRS. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit Buildings Cash 48000 48000 Account Titles and Explanation Debit Buildings Cash (To record new factory floor.) Loss on Disposal of Building Accumulated Depreciation - Buildings Buildings (To record the entry for the old floor.) 48000 27200 13600 Credit 48000 40800 Sandhill paid a local company to perform some work on one of the company's forklifts (F1). The itemized invoice for the work showed charges of $860 for re-aligning the wheels, $200 for an oil change, $100 for replacing one of the belts, and $340 for touching up some paint. Prepare the journal entry to record this transaction, assuming Sandhill follows IFRS. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit Sandhill also paid a local company $89,000 in cash for a computerized control panel. The control panel was to be added to one of Sandhill's existing manufacturing machines, which was currently operated manually. The control panel would control the machine by computer, making it more efficient. The existing machine had been purchased four years previously for $331,000 and was depreciated on a straight-line basis over twelve years. Prepare the journal entry to record this transaction, assuming Sandhill follows IFRS. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit