Sunland gave 18,000 of its common shares in exchange. The most recent sale of Sunland's common shares took place last month, when 7.700 shares were sold for $185 per share. Sunland had the following cash expenses between July 6 and December 15, the date when it first occupied the building $ 105,000 133,000 Renovations and refurbishments of building Construction of bases for machinery to be installed later Driveways and parking lots Remodelling of office space in building, including new partitions and walls Special assessment by city on land 128,000 65,100 16,900 On December 20, Sunland purchased machinery for $260,000, subject to a 4% cash discount, and paid freight on the machinery of $17.900. The machine was dropped while being placed in position, which resulted in paying the supplier for repairs costing $18,300. The company paid the supplier on the day that the machinery was received, and recorded the purchase of machinery net of any discount. Prepare the entry for the purchase and payment of the machinery in item 2 assuming the discount was not taken. (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 for the amounts.) Date Account Titles and Explanation Debit Credit Dec 20 Machinery 241700 Repairs and Maintenance Expense 18300 Cash 260000 No Entry