Allocating 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. Item Description Amount a. Fee paid to attorney for title search $2,700 b. Cost of real estate acquired as a plant site: Land 287,100 b. Cost of real estate acquired as a plant site: Building (to be demolished) 27,300 c. Finders fee paid to real estate agency 16,200 d. Delinquent real estate taxes on property, assumed by purchaser 4,500 e. Architects and engineers fees for plans for new building 2,700 f. Cost of removing building purchased with land in (b) 10,800 g. Proceeds from sale of salvage materials from old building 39,500* h. Cost of filling and grading land 3,800 i. Premium on 1-year insurance policy during construction 15,800 j. Money borrowed to pay building contractor 673,300* k. Special assessment paid to city for extension of water main to the property 5,000 l. Cost of repairing windstorm damage during construction 13,600 m. Cost of repairing vandalism damage during construction 8,100 n. Cost of trees and shrubbery planted 900 o. Cost of paving parking lot to be used by customers 2,200 p. Interest incurred on building loan during construction 5,400 q. Proceeds from insurance company for windstorm and vandalism damage 33,700* r. Payment to building contractor for new building 717,800 s. Refund of premium on insurance policy (i) canceled after 11 months 317* Required: 1. Assign each payment and receipt to Land (unlimited life), Land Improvements (limited life), Building, or Other Accounts. Choose the correct account from the dropdown list for each letter and enter the appropriate amount. Enter receipts as negative amounts using the minus sign. Item Account Amount a. $fill in the blank 2 b. $fill in the blank 4 c. $fill in the blank 6 d. $fill in the blank 8 e. $fill in the blank 10 f. $fill in the blank 12 g. $fill in the blank 14 h. $fill in the blank 16 i. $fill in the blank 18 j. $fill in the blank 20 k. $fill in the blank 22 l. $fill in the blank 24 m. $fill in the blank 26 n. $fill in the blank 28 o. $fill in the blank 30 p. $fill in the blank 32 q. $fill in the blank 34 r. $fill in the blank 36 s. $fill in the blank 38