Solve the following problems for 6 points each I Lynx Corp paid $300,000 for a group of assets consisting of a building valued at $65,000, equipment valued at $250,000 and land valued at $35,000. Journalize the purchases at the correct cost for each asset. II The cost of a building is $95,000 and the title search cost $3000 ard the taxes are $6,000. The useful life is 30 years and the salvage value is $4,000. Using straight-line depreciation, record the journal entry for year number 28. TTT 1