Arlington Company acquired a land site with the intention of constructing a new corporate office facility. In addition to purchasing the land site, Arlington made a number of additional expenditures in preparation for its new office. Below is a list of expenditures incurred. # 1. 2. 3. Expenditure Purchased land (with a building on it) as a land site. The land was priced at $600,000 and the building at $300,000. Demolished the building at a cost of $50,000. Bought equipment for $90,000. Sales tax paid was an additional $9,000. Shipping costs of $2,000 were also paid. Once the equipment arrived at the facility, an outside firm was brought in to assemble it for a cost of $3,000. 4. Trees and shrubs were planted costing $7,000. 5. An architect/contractor was paid $800,000 for construction of the building. 6. 7 8. A 1-year insurance policy costing $10,000 was taken out on the equipment to cover potential damage after the equipment is set into service. A loan was taken out to finance the construction. Interest incurred during the construction period amounted to $20,000. A storm hit the partially constructed building causing $60,000 of damage. The company's insurance reimbursed $55,000. 9. Building permits were acquired at a cost of $1,000. Required: Calculate the balance in each of the following accounts. You MUST show EACH amount separately; DO NOT combine/sum/net any amounts listed above. You may use the table on the