Answer Question 7 (1 point) X Ltd. acquired land, building and equipment for $ 100000. An appraisal valued the land at $ 70000, the building at $ 94000 and the equipment at 74000. After the purchase and the appraisal, the equipment was upgraded at a cost of $ 9000. The upgrade allowed the machine to produce more output and to last longer. How much will the equipment be recorded at Round your answer to the nearest dollar. MacBook Pro Question 8 (1 point) Laurier Inc. had retained earnings at the beginning of the year of $110000. During the year Laurier Inc. earned net income of $85000 and declared and paid dividends of $10000. What was Laurier Inc.'s retained earnings at the end of the year? Your Answer: Answer MacBook Pro