Suppose you have purchased land, a building, and some equipment. At the time of the acquisition, the land has a current fair value of $72,000, the building's fair value is $57,000, and the equipment's fair value is $12,000. Journalize the lump-sum purchase of the three assets for a total cost of $137,000. Assume you sign a note payable for this amount. Prepare the journal entry for the lump-sum purchase. (Record debits first, then credits. Explanations are not required. Round percentages to 6 decimals before multiplying. Round your final answers to the nearest whole number.) Journal Entry Accounts Debit Credit On January 1, 2014, Red Rock Brewery purchased a van for $36,000. Red Rock expects the van to have a useful life of six years and a residual value of $3,000. The depreciation method used was straight-line. On December 31, 2017, the van was sold for $16,000 cash. 1. What was the carrying amount of the van at the date of sale? 2. Record the sale of the van on December 31, 2017. Requirement 1. What was the carrying amount of the van at the date of sale? (Round to the nearest whole dollar.) The carrying amount of the van at the date of sale was $ . Requirement 2. Record the sale of the van on December 31, 2017. (Record debits first, then credits. Explanations are not required.) Journal Entry Accounts Date Debit Credit Accumulated Depreciation Cash Depreciation Expense Gain on Sale of Van Loss on Sale of Van Van