At December 31, 2019, certain accounts included in the property, plant, and equipment section of Culver Companys balance sheet had the following balances.

Land		$237,600
Buildings		892,200
Leasehold improvements		662,100
Equipment		884,300

During 2020, the following transactions occurred.

1.		Land site number 621 was acquired for $857,900. In addition, to acquire the land Culver paid a $60,300 commission to a real estate agent. Costs of $40,100 were incurred to clear the land. During the course of clearing the land, timber and gravel were recovered and sold for $15,900.
2.		A second tract of land (site number 622) with a building was acquired for $418,600. The closing statement indicated that the land value was $298,900 and the building value was $119,700. Shortly after acquisition, the building was demolished at a cost of $40,900. A new building was constructed for $328,500 plus the following costs.

Excavation fees		$38,200
Architectural design fees		10,900
Building permit fee		2,600
Imputed interest on funds used during construction (stock financing)		8,500

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

3.		A third tract of land (site number 623) was acquired for $650,300 and was put on the market for resale.
4.		During December 2020, costs of $89,100 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.)
5.		A group 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 $87,900, freight costs were $3,300, installation costs were $2,400, and royalty payments for 2020 were $17,700.

(a) Calculate the balance at December 31, 2020 in each of the following balance sheet accounts. Disregard the related accumulated depreciation accounts.

		Balance at December 31, 2020
Land		$
Buildings		$
Leasehold Improvements		$
Equipment		$