At December $31,2019,$ certain accounts included in the property, plant, and equipment section of Ivanhoe Company's balance sheet

had the following balances.

Land

$$230,600$

Buildings

$897,600$

Leasehold improvements

$667,200$

Equipment

$882,700$

During $2020,$ the following transactions occurred.

Land site number $621$ was acquired for $$856,100.$ In addition, to acquire the land Ivanhoe paid a $$51,800$ commission to a

real estate agent. Costs of $$41,500$ were incurred to clear the land. During the course of clearing the land, timber and gravel

were recovered and sold for $$15,400.$

A second tract of land $($site number $622)$ with a building was acquired for $$422,400.$ The closing statement indicated that the

land value was $$302,100$ and the building value was $$120,300.$ Shortly after acquisition, the building was demolished at a cost

of $$40,900.$ A new building was constructed for $$328,200$ plus the following costs.

Excavation fees

Architectural design fees

Building permit fee

Imputed interest on funds used during construction $($stock financing$)$

$$37,600$

$10,900$

$2,500$

$8,400$

The building was completed and occupied on September $30,2020.$

A third tract of land $($site number $623)$ was acquired for $$645,800$ and was put on the market for resale.

During December $2020,$ costs of $$89,800$ were incurred to improve leased office space. The related lease will terminate on

December $31,2022,$ and is not expected to be renewed. $($Hint: Leasehold improvements should be handled in the same

manner as land improvements.$)$

Agroup of new machines was purchased under a royalty agreement that provides for payment of royalties based on units of

production for the machines. The invoice price of the machines was $$87,300,$ freight costs were $$3,200,$ installation costs

were $$2,500,$ and royalty payments for $2020$ were $$17,300.$

$($a$)$

Calculate the balance at December $31,2020$ in each of the following balance sheet accounts. Disregard the related accumulated

depreciation accounts.