5. During 2016, Pentz Company had the following transactions pertaining to its new office building:

Purchase price of land	$66,000
Legal fees for contracts to purchase land	2,200
Architects fees	8,800
Demolition of old building on site	5,500
Sale of scrap from old building	3,300
Construction cost of new building (fully completed)	385,000

In Pentzs December 31, 2016 balance sheet, what amounts should be reported as the cost of land and cost of building?

8. Ole Inc. began constructing a building for its own use in January 2015. During 2015 Ole incurred interest of $72,000 on specific construction debt, and $28,800 on other borrowings. Interest computed on the weighted average amount of accumulated expenditures for the building during 2015 was $57,600. What is the amount of interest cost that Ole should capitalize?