Acquisition Cost: The following cases are independent. Case A Ming Limited bought a building for $1,250,600. Before using the building, the following expenditures were made: Repair and renovation of building $192,000 Construction of new driveway 24,000 Repair of existing driveways 8,400 Installation of high-speed cable 24,000 Deposits with utilities for connections 8,000 Sign for front and back of building, attached to roof 19,600 Installation of fence around property 32,000 Required: 1. What balance would Ming report in the building account? 2. If any items in the list above are excluded from the building and land accounts, indicate the appropriate classification.