Macoma Manufacturing purchased land next to its factory to be used as a parking lot.

Expenditures incurred by the company were as follows: purchase price, $150,000; broker's fees, $12,000; title search and other fees, $1,100; demolition of a shack on the property, $4,000; general grading of property, 52,100; paving parking lots, $20,000;

lighting for parking lots, $16,000; and signs for parking lots, $3,200. Determine the amounts that should be debited to the Land account and the Land Improvements account.Lo1