20,000 10,000 30,000 11,000,000 60,000 28,000 4. Moonlight Co. purchased a lot for P4,000,000. Immediately after the purchase, Moonlight started the construction of new building on the lot. Additional information follows: Land titling cost Special assessment Survey costs Materials, labor, and overhead costs Cash discounts on materials purchased not taken Clerical and other costs related to construction Excavation costs 200,000 Architectural fees and building permit 120,000 Supervision by management on construction 24,000 Insurance premiums paid for workers 260,000 Payment for workers' claims for injuries not covered by insurance 90,000 Savings on construction 400,000 Cost of changes to plans and specifications due to 280,000 inefficiencies Paving of streets and sidewalks (not included in blueprint) 20,000 Income earned on a vacant space rented as parking lot during construction 18,000 Requirement: Compute for allocated costs of: (a) land, (b) land improvement, and (c) building