Use the following information to answer the next 2 questions On January 1 2018. a company purchased land for a future warehouse site Determine the total cost to be allocated to the land A $50.000 down payment is made on that date The $70,000 annual payments for the 6% 10-year loan are to start on Dec 31 2018 A $515200 5565200 $440600 D $750000 E $708000 QUESTION 6 On aay1, 2018, a company parchased land for a future warebouse sie. A S50,000 domn payment is made on that date. The $70,000 anal payments for the 6%, 10-year loan are to start on Dec. 31, 2018 Determine the carrying vaue of the note on Dec 31, 2019, after the adjusting entry for interest expense has been made Round to theeaest dollam) Date Cash Payment Intereat Expense Reduction of Principle Carying Value Issuance A. $449400 $434679 $490859 D$642320 E$476112