1. Problem 7-1 Cullumber Company was organized on January 1. During the first year of operations, the following plant asset expenditures and receipts were recorded in random order. Expenditures Excavation costs for new building $13,210 2. Architect's fees on building plans 36,360 3. Full payment to building contractor 660,200 Cost of real estate purchased as a plant site (land $270,200 and building $31,900) 302,100 Cost of parking lots and driveways 36,580 Accrued real estate taxes paid at time of purchase of real estate 4,040 7. Installation cost of fences around property 8,250 Cost of demolishing building to make land suitable for construction of new building 33,300 Real estate taxes paid for the current year on land 7,100 $1,101,140 4. 5. 6. 8 9. Receipts 10. Proceeds from salvage of demolished building $ 12,900 Analyze the transactions using the following table column headings. Enter the amounts in the appropriate columns. For amounts in the Other Accounts column, also indicate the account title. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Other Arrunte CALCULATOR CES Other Accounts Amounts Account Title Item Land Building 1 $ $ 2 2 udy 3 4 . 5 6 7 . 8 9 10 Click if you would like to Show Work for this question: Open Show Work