At December 31, 2019, certain accounts included in the property, plant, and equipment section of Pina Colada Corporation's statement of financial position had the following balances: Land Buildings-Structure Leasehold Improvements Equipment $309,970 882,810 704,900 844,540 During 2020, the following transactions occurred: 1. Land site No. 621 was acquired for $799,500 plus a fee of $6,870 to the real estate agent for finding the property. Costs of $33,160 were incurred to clear the land. In clearing the land, topsoil and gravel were recovered and sold for $10,760. 2. Land site No. 622, which had a building on it was acquired for $559,810. The closing statement indicated that the land's assessed tax value was $308,880 and the building's value was $101,590. Shortly after acquisition, the building was demolished at a cost of $27,600. A new building was constructed for $339,990 plus the following costs: Excavation fees Architectural design fees Building permit fee "Green roof design and construction (to be retrofitted every seven years) Imputed interest on funds used during construction (share financing) $37,720 14,770 2,180 35,930 8,450 The building, completed and occupied on September 30, 2020, is expected to have a 30-year useful life. 3. A third tract of land (No. 623) was acquired for $264,810 and was put on the market for resale. 4. During December 2020, costs of $88,860 were incurred to improve leased office space. The related lease will terminate on December 31, 2022, and is not expected to be renewed. 5. Equipment was purchased under a royalty agreement. The terms of the agreement require Pina Colada Corporation to pay royalties based on the units of production for the equipment. The equipment's invoice price was $110.780, freight costs were $2,810, installation costs were $3,140, and royalty payments for 2020 were $15,300. Calculate the balance at December 31, 2020 in each of the following accounts: Land, Leasehold Improvements, Buildings-Structure, Buildings-Roof, and Equipment. Ignore the related Accumulated Depreciation accounts. Land 793760 Leasehold Improvements 1277470 Buildings-Structure Buildings - Roof 35930 961270 Equipment At December 31, 2019, certain accounts included in the property, plant, and equipment section of Pina Colada Corporation's statement of financial position had the following balances: Land Buildings-Structure Leasehold Improvements Equipment $309,970 882,810 704,900 844,540 During 2020, the following transactions occurred: 1. Land site No. 621 was acquired for $799,500 plus a fee of $6,870 to the real estate agent for finding the property. Costs of $33,160 were incurred to clear the land. In clearing the land, topsoil and gravel were recovered and sold for $10,760. 2. Land site No. 622, which had a building on it was acquired for $559,810. The closing statement indicated that the land's assessed tax value was $308,880 and the building's value was $101,590. Shortly after acquisition, the building was demolished at a cost of $27,600. A new building was constructed for $339,990 plus the following costs: Excavation fees Architectural design fees Building permit fee "Green roof design and construction (to be retrofitted every seven years) Imputed interest on funds used during construction (share financing) $37,720 14,770 2,180 35,930 8,450 The building, completed and occupied on September 30, 2020, is expected to have a 30-year useful life. 3. A third tract of land (No. 623) was acquired for $264,810 and was put on the market for resale. 4. During December 2020, costs of $88,860 were incurred to improve leased office space. The related lease will terminate on December 31, 2022, and is not expected to be renewed. 5. Equipment was purchased under a royalty agreement. The terms of the agreement require Pina Colada Corporation to pay royalties based on the units of production for the equipment. The equipment's invoice price was $110.780, freight costs were $2,810, installation costs were $3,140, and royalty payments for 2020 were $15,300. Calculate the balance at December 31, 2020 in each of the following accounts: Land, Leasehold Improvements, Buildings-Structure, Buildings-Roof, and Equipment. Ignore the related Accumulated Depreciation accounts. Land 793760 Leasehold Improvements 1277470 Buildings-Structure Buildings - Roof 35930 961270 Equipment