71 How much is the correct cost of the building?* (1 Point) XYZ Corp. commenced operonions early in 2021, During the find nine month, XYZ acquired mool slots for the acquilion of a building and other foultin Operating equipment was punchand and imfailed, and The company bagon operating activelion on April 3031. The company's accountant, who was ful were how to record wie of the fromaction, opened a Property, Plant and Equipment [PPf) ledger pocount and rocceded dobits and [credits] to the account of follows Cant of real amtote purchased as building alle- P1,700,000 Pold architect : fee for design of new building- 9230,0oo Fold for demolition of old building on the building the purchored- P200,000 Paid property has on the mol milute purchased as the building time- P17,000 Fold mucovation cash for the new building- P150,000 Made the first payment to the contractor- P2,500,000 Paid for aquipmant to be imiallad in the new building-P1, 480,000 Received from wole of molenged mofericls from demointing the old building- [to8,poo; Modo final payment to the building contractor. F3,500,000 Coptolizable interest on the contraction fund- F220,900 Paid froight on equipment purchased- P10,000 Poid mitullation costs of equipment- P43,000 P6,812,000 O P 6,380,000 O P 6,000,000 P 6,592,000