a developer of a large shopping center donated a building and land to hetting co. without charge. the agreement provided that the company employ 350 people for 10 years. the land was appraised at $65,000 and the building at $44,000. required: 1. prepare the journal entry to record the acquisition of the land and building. 2. next level how should the 10-year agreement be reported in the financial statements? 3. next level if the title were not to pass until after 10 years, would your answers to requirements 1 and 2 change?