Comprehensive Problem $2-77($LO $2-1,$ LO $2-2,$ LO $2-3,$ LO $2-4,$ LO $2-5)($Algo$)$

$[$The following information applies to the questions displayed below.$]$

While completing undergraduate schoolwork in information systems, Dallin Bourne and Michael Banks decided to sta technology support company called eSys Answers. During year $1,$ they bought the following assets and incurred the following start$-$up fees:

In April of year $2,$ they decided to purchase a customer list from a company providing virtually the same services, star by fellow information systems students preparing to graduate. The customer list cost $$11,800,$ and the sale was comp on April $30.$ During their summer break, Dallin and Michael passed on internship opportunities to grow their business something they could do full time after graduation. In the summer, they purchased a small van $($for transportation, not considered a luxury auto$)$ and a pinball machine $($to help attract new employees$).$ They bought the van on June $15,$ Ye for $$25,000$ and spent $$4,000$ getting it ready to put into service. The pinball machine cost $$5,000$ and was placed ir service on July $1,$ Year $2.$

$\backslash$table$[[$Year $2$ Assets,Purchase Date,Basis$],[$Van$,$June $15,$ Year $2,$$$29,000$