what's the answer in october 31 last in accumulated building and gain disposal?

Question 3 of 6 27.86/30 View Policies Show Attempt History Current Attempt in Progress Ivanhoe Company purchased land and a building on April 1, 2019 for $37.000. The company paid 5114.000 in cash and signed a 5% note payable for the balance. At that time, it was estimated that the land was worth $149.000 and the building 5229.000. The building was estimated to have a 25-year useful life with a $37.000 residual value. The company has a December 31 year end, prepares adjusting entries annually, and uses the straight line method for buildings depreciation is calculated to the nearest month. The following are related transactions and adjustments during the next three years 2019 Dec 31 Recorded annual depreciation Paid the interest owing on the note payable 31 - 2020 Feb 17 Paid $245 to have the furnace cleaned and serviced. Recorded annual depreciation Dec 31 31 Paid the interest owing on the note payable 31 The land and building were tested for impairment. The land had a recoverable amount of $119,600 and the building. $23 Question 3 of 6 > 27.86/30 Jan 31 Sold the land and building for 5318.000 cach 5114,000 for the land and 5204.000 for the building Paid the note payable and interest owin Feb. 1 Your swwer is correct Record the above transactions and adjustments, including the acquisition on April 2019. in Any impairment loss for and is credited directly to the Land accountCredit accountitles are automatically indented when the amount is entered De nel Indent manually. If entry is required, select "No Intry for the account title and enter for the amounts, Record Journal entries in the order presented in the problem. Round answers to decimal nece 5.250 2019 Date Account Titles and Explanation Debit Credit Apr. 00 To record purchase of property Question 3 of 6 27.86/30 Det Der To record depreciation) Dec 01 + W.100 C 00 To record interest 2020 Date Account Titles and explanation Debit Credit Feb 17 To record payment of furnace cleaning Dec 31 Duration 7680 Net Crunce tin tc d To record depreciation) assignment pt2 27.86730 E Question 3 of 6 Torecord deprecat Dec. 31 Inter 13200 (To record interest) Impacto Dec 31 : 2000 ITEM 99000 La ULTON (To record land impairment) Dec. 31 No Entry No Entry (To record building impairment) 2021 Question 3 of 6 27.86 / 30 Feb 1 1100 264.DOC MO (To record payment of note) List of Accounts Your answer is partially correct Assume instead that the company sold the land and building on October 31, 2021. for $398,000 case $159,000 for the land and $239.000 for the building Prepare the journal entries to record the sale (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. Round answers to decimal places, s. 5.275) Debit Credit Date Account Titles and Explanation 400 Oct. 31 Depreciation 100 Question 3 of 6 27.86/30 E Assume instead that the company sold the land and building on October 31, 2021, for $398.000 cash: $159.000 for the land and $239,000 for the building. Prepare the journal entries to record the sale. (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. Round answers to 0 decimal places... 5.275.) Date Debit Credit Account Titles and Explanation Pareciation Experte Oct. 31 Account 100 (To record depreciation expense) Oct. 31 000 JUAL Accomodation in Camina Die (To record disposal)