Problems for Section 8B 8B-1. RASPBERRY Corporation's chart of accounts includes the following categories: Land, Equipment, Patents, Copyrights, and Coal Reserves. RASPBERRY completed the following transactions during the year Purchased Equipment for $140,000 cash; RASPBERRY also had to pay 10% tax and a $6,000 license fee. Purchased a coal field with 40,000 tons of coal reserves for $2,000,000 cash. Jan 2 Feb 3 March 4 Purchased a copyright from another company for $120,000 cash. May 5Purchased a patent and a piece of land for a lump sum payment of $60,000. The land was appraised at $80,000 while the patent appraised at $20,000