The following items represent expenditures (or receipts) related to the construction of a new home office for Norma Company.

Required 

From the given data, calculate the proper balances for the Land, Building, and Land Improvements accounts of Norma Company.

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Cost of land site, which included an old apartment building appraised at $75,000 Legal fees, including fee for title search.... Payment of apartment building mortgage and related interest due at time of sale Payment for delinquent property taxes assumed by the purchaser.. Cost of razing the apartment building... Proceeds from sale of salvaged materials. Grading to establish proper drainage flow on land site Architect's fees on new building.... Proceeds from sales of excess dirt (from basement excavation) to owner of adjoining $ 180,000 2,100 9,300 6,000 19,000 (3,800) 2,100 310,000 property (dirt was used to fill in a low area on property).. (2,000) Payment to building contractor..... 5,000,000 Payment of medical bills of employee accidentally injured while inspecting building construction.... 1,600 Special assessment for paving city sidewalks (paid to city). 20,000 30,000 Cost of paving driveway and parking lot.... Cost of installing lights in parking lot Premium for insurance on building during construction. Cost of open house party to celebrate opening of new building.. 9,500 7,800 10,000