Roy’s Dairy purchases land for $200,000, paying $50,000 and financing the rest with a bank loan. Fill in the appropriate amounts from the drop down menus in order to record the journal entry for the transaction above (every dropdown requires an answer, however, if there is nothing that should go into the cell, select "Blank").

Quick computing currently sells 12 million computer chips each year at a price of $19 per chip. it is about to introduce a new chip, and it forecasts annual sales of 22 million of these improved chips at a price of $24 each. however, demand for the old chip will decrease, and sales of the old chip are expected to fall to 6 million per year. the old chips cost $10 each to manufacture, and the new ones will cost $14 each. what is the proper cash flow to use to evaluate the present value of the introduction of the new chip? (enter your answer in millions.)