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After planning to build a new plant, Kallisto Backpack Manufacturing purchased a large lot on which a small building was located. The negotiated purchase price

After planning to build a new plant, Kallisto Backpack Manufacturing purchased a large lot on which a small building was located. The negotiated purchase price for this real estate was $1,650,000 for the lot plus $570,000 for the building. The company paid $84,000 to have the old building torn down and $114,000 for levelling the lot. Finally, it paid $3,330,000 in construction costs, which included the cost of a new building plus $224,000 for lighting and paving a parking lot next to the building.
Present a single journal entry to record the costs incurred by Kallisto, all of which were paid in cash (assume a date of March 10,2023, for your entry). Record the costs of plant assets.

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