Allocate Payments and receipts to Fixed Asset Accounts The following payments and receipts are related to fand, 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 52,000 b. Cost of filling and grading and 20.800 Cost of removing building purchased with land in (e) 6,000 di Cost of paving parking lot to be used by customers 18,000 Cost of real estate acquired as a plant site: Land (6370,400) and Building ($35,900) 414,300 1. Cost of repairing windstorm damage during construction 6,500 9. Cost of repairing vandalism damage during construction 2.900 1. Cost of trees and shrubbery planted 10,700 Delinquent real estate taxes on property assumed by purchaser 14,200 3,600 1.200 44,500 Fee paid to attorney for title search ki Finder's fee paid to ruslestate agency Interest incurred or building loan during construction many borrowed to pay building contractor Pamant to building contractor for new building boods from intrance company for windstorm and vandal damage 887 100 940 000 7.100 n Payment to building contractor for new building 946,000 0. Proceeds from insurance company for windstorm and vandalism damage 7.100 0 Premium on one-year insurance policy during construction 5,000 3,500 9. Proceeds from sale of salvage materials from old building Refund of premium on Insurance policy (D) canceled after 11 months s. Special assessment paid to city for extension of water main to the property 470 21,300 Instructions: 1. Assign each payment and receipt to Land (unlimited life), Land Improvements (limited life), Building, or other Accounts by selec corresponding item from the dropdown list. Enter receipts as negative amounts. Item Amount Account a. 0 h. m TI E da 2. Determine the increases to land and improvements and Building, m. n. 0. Dudullu 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