Allocate Payments and Receipts to Fixed Asset Accounts The following payments and receipts are related to land, land improvements, and buildings acquired for use in a wholesale apparel business. The receipts are identified by an asterisk. a. Architect's and engineer's fees for plans and supervision 52,500 21,000 b. Cost of filling and grading land C. Cost of removing building purchased with land in (e) 6,000 d. Cost of paving parking lot to be used by customers 18,100 e. Cost of real estate acquired as a plant site: Land ($381,500) and Building ($36,200) 417,700 f. Cost of repairing windstorm damage during construction 6,600 g. Cost of repairing vandalism damage during construction 3,000 h. Cost of trees and shrubbery planted 10,800 i. Delinquent real estate taxes on property, assumed by purchaser 14,300 j. Fee paid to attorney for title search 3,600 k. Finder's fee paid to real estate agency 1,200 1. Interest incurred on building loan during construction 44,800 m. Money borrowed to pay building contractor 894,600 * 953,700 n. Payment to building contractor for new building 0. Proceeds from insurance company for windstorm and vandalism damage 7,200 * Dromium on one-voar incurance noliru during construction 5 100 P. Premium on one-year insurance policy during construction 5,100 4. Proceeds from sale of salvage materials from old building 3,600 * r. Refund of premium on insurance policy (p) canceled after 11 months 480 * s. Special assessment paid to city for extension of water main to the property 21,500 Instructions: 1. Assign each payment and receipt to Land (unlimited life), Land Improvements (limited life), Building, or Other Accounts by selecting from the corresponding item from the dropdown list. Enter receipts as negative amounts. Item Amount Account a. b. $ c. $ d. $ e. $ f. $ g. $ h. $ i. $ $ j. $ k. $ 1. $ m. $ n. $ 0. $ p. $ 9. $ $ S. $ 2. Determine the increases to Land, Land Improvements, and Building. Land Land Improvements Building 3. Which of the following would be depreciated for the wholesale apparel business