On October 10 Givens Retail purchased a parking lot for cash of $360000.The cost of the land was $175000.The paving cost $125000 and the lights to illuminate the new parking area cost $60000.Use the following tabular analysis to record the transaction. 
Definitions:
Estimated Returns Inventory
Inventory that is reserved or set aside by a company, based on historical data, to account for future product returns from customers.
Physical Inventory
The process of counting the actual items in stock to verify records and ensure accuracy in inventory levels.
Asset Turnover Ratio
A financial metric that measures the efficiency of a company in using its assets to generate revenue.
Average Total Assets
A measure used in financial analysis, calculated as the average of a company's total assets at the beginning and end of a period, providing insight into the investment in assets.
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