The City of Pebble Beach gives the company 5 acres of land as a plant site. The fair value of this land is determined to be $85,810. 13,000 shares of common stock with a par value of $50 per share are issued in exchange for land and buildings. The property has been appraised at a fair value of $858,100, of which $190,500 has been allocated to land and $667,600 to buildings. The stock of Bonita Company is not listed on any exchange, but a block of 100 shares was sold by a stockholder 12 months ago at $71 per share, and a block of 200 shares was sold by another stockholder 18 months ago at $63 per share. No entry has been made to remove from the accounts for Materials, Direct Labor, and Overhead the amounts properly chargeable to plant asset accounts for machinery constructed during the year. The following information is given relative to costs of the machinery constructed. Materials used Factorysupplies used Direct labor incurred Additional overhead (over regular) caused by construction of machinery, excluding factory supplies used 6096 of direct labor Fixed overhead rate applied to regular manufacturing operations Cost of slmilar machinery if it had been purchased from outside suppliers Prepare journat entries on the books of Bonita Company to record these transactions. (Credit occount titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles ond enter O for the amounts. List. all debit entries before credit entries) No. Account Titles and Explanation Debit Credit a. b. c. eTextbook and Media