10-6 whispering landscaping began construction of a new plant of Dec 1, 2017.

PRINTER VERSION Problem 10-6 Whispering Landscaping began construction of a new plant on December 1, 2017, On this date, the company purchased a parcel of land for $150,000 in cash. In addition, it paid $2,160 in surveying costs and $4,320 for a title insurance policy. An old dwelling on the premises was demolished at a cost of $3,360, with $960 being recelived from the sale of materials. Architectural pians were also formalized on December 1, 2017, when the architect was paid $40,800. The necessary building permits costing $3,360 were obtained from the city and paid for on December 1 as well. The excavation work began during the first week in December with payments made to the contractor in 2018 as follows Date of PaymentAmount of Payment March 1 May uly 1 The building was completed on July 1, 2018 To finance construction of this plant, Whispering borrowed $612,00from the bnk on ocember 1, 2017. Whispering had no other borrowings. The $612,000 was a 10-year loan Compute the balance in each of the following accounts at December 31, 2017, and December 31, 2018. (Round answers to O imal places, eg5,275.) $252,000 334,800 60,000 December 31, 2017 December 31, 2018 (a) Balance in Land Account (b) Balance in Building (c) Balance in Interest Expense