13 The Italian Pizza Company purchased land as a factory site for $72,000. Prior to construction of the new building, the land had to be cleared of trees and brush. Construction costs incurred during the first year are listed below. 07 DO Land Clearing costs Sale of firewood to worker Architect fees (for new building) Title investigation of land Property taxes on land for the first year) Building construction costs (580) 12,000 1,700 1,200 229,00 GOD cs Required: Determine the amounts that the company should record in the land and the new building accounts. (Amounts to be deducted should be indicated by a minus sign.) Land Building Total