BIO (10% Points - 31/2 points each) Questions During the 2021 year, the Borelli Company had the following exchanges of assets: Oct. 12 The Borelli Company acquired new equipment by giving up an old equipment. The old equipment originally cost $105,800 and had a book value of $64,500 with a market value of $95,600. The Borelli Company also paid cash of $31,100. Nov. 10 The Borelli Company acquired a new building having a market value of $129,500 by giving up an old building. The old building originally cost $108,300 and had accumulated depreciation of $41,400 with a market value of $98,200, The Borelli Company paid cash of $31,300 23 Same facts as November 10th above except the exchange LACKS Commercial Substance. Required: Prepare the THREE journal entries, one for each date, to record the above asset exchanges on the books of The Borelll Company ONLY