=+The following payments and receipts are related to land, land improvements, and buildings acquired for use in a wholesale ceramic business. The receipts are identified by an asterisk.

a. Fee paid to attorney for title search . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,500

b. Cost of real estate acquired as a plant site: Land . . . . . . . . . . . . . . . . 270,000 Building . . . . . . . . . . . . . 30,000

c. Special assessment paid to city for extension of water main to the property . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,000

d. Cost of razing and removing building . . . . . . . . . . . . . . . . . . . . . . . . 5,000

e. Proceeds from sale of salvage materials from old building . . . . . . . . 3,600*