Acquisition Cost of Long Lived Assets

The following items represent expenditures (or receipts) related to the construction of a new home office for Roth Company.

Cost of land site, which included an old apartment building appraised at $75,000........................................ $165,000

Legal fees, including fee for title search ............................................................. $2,100

Payment of apartment building mortgage and related interest due at time of sale...................................... $9,300

Payment for delinquent property taxes assumed by the purchaser....................................... $4,000

Cost of razing the apartment building.................. $17,000

Proceeds from sale of salvaged materials........................ (3,800)

Grading to establish proper drainage flow on land site........................... $1,900

Architects fees on new building.............. $300,000

Proceeds from sales of excess dirt (from basement excavation) to owner of adjoining property (dirt was used to fill in a low area on property) ............................................................(2,000)

Payment to contractor....... $5,000,000

Payment of medical bills to an employee who was accidentally injured while inspection building construction.... $1,400

Special assessment for paving city sidewalks (paid to the city).......................... $18,000 Cost of paving driveway and parking lot.................. $25,000

Cost of installing lights in parking lot....................... $9,200

Premium for insurance on building during construction.................................... $7,500

Cost of open house party to celebrate opening of new building............................ $8,000

Required

From the given data, calculate the proper balances for the Land, Building and Land Improvement accounts of Roth Company.