At December 31, 2024 certain accounts included in the property, plant, and equipment section of Blossom Company's balance sheet had the following balances Land Buildings $232.600 902.100 Leasehold improvements 663,300 Equipment 883.000 During 2025, the following transactions occurred. 1. 2. Land site number 621 was acquired for $853,000. In addition, to acquire the land Blossom paid a $54,300 commission to a real estate agent. Costs of $37,800 were incurred to clear the land. During the course of clearing the land, timber and gravel were recovered and sold for $17,300. A second tract of land (site number 622) with a building was acquired for $420,600. The closing statement indicated that the land value was $301,400 and the building value was $119.200. Shortly after acquisition, the building was demolished at a cost of $41.100. A new building was constructed for $327.100 plus the following costs. Excavation fees Architectural design fees $37,700 11.000 2 A second tract of land (site number 622) with a building was acquired for $420,600. The closing statement indicated that the land value was $301,400 and the building value was $119.200. Shortly after acquisition, the building was demolished at a cost of $41.100. A new building was constructed for $327,100 plus the following costs. Excavation fees Architectural design fees Building permit fee $37,700 11,000 500 Imputed interest on funds obtained from stock financing used during construction 8.500 The building was completed and occupied on September 30, 2025 3. 3 4 5. A third tract of land (site number 623) was acquired for $655,700 and was put on the market for resale. During December 2025, costs of $88,700 were incurred to improve leased office space. The related lease will terminate on December 31, 2027, and is not expected to be renewed. (Hint: Leasehold improvements should be handled in the same manner as land improvements) 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 $86,800, freight costs were $3.300. installation costs were $2.400, and royalty payments for 2025 were $17.600. (a) Calculate the balance at December 31, 2025 in each of the following balance sheet accounts. Disregard the related accumulated depreciation accounts. Land Balance at December 31, 2025 $ Buildings $ Leasehold improvements $ Equipment