Shahla Company bought a building for $77,000 cash and the land on which t was located for $119,000 cash. The company paid transfer costs of $18,000 ($6,000 for the building and $12,000 for the land). Renovation costs on the building were $18,000. alue: 10.00 points Required: 1. Prepare the journal entry to record the purchase of the property, including all expenditures. Assume that all transactions were for cash and that all purchases occurred at the start of the year. (If no entry is required for a transactionlevent, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the purchase of property, including al expenditures, paid with cash Note: Enter debits before credits. Record entry View general journal Clear entry