With a desire to have their rafting business fully operational by April 1, FastWater, Inc. requested that their landlord allow their carpenter, electrician, painters, and plumbers to begin building cabins on the leased location on June 30. The workers completed the necessary work and improvements at a cost of $68,000 in cash. Improvements and renovations would be depreciated over five years.

The purchased rafting equipment was delivered on June 30 and FastWater, Inc. opened on July 1, 2020.

please provide balance sheet and cash flow entries for the above