Ayayai Landscaping began construction of a new plant on December 1, 2020. On this date, the company purchased a parcel of land for $140,400 in cash. In addition, it paid $2,640 in surveying costs and $3,840 for a title insurance policy. An old dwelling on the premises was demolished at a cost of $3,120, with $1,200 being received from the sale of materials. Architectural plans were also formalized on December 1, 2020, when the architect was paid $34,800. The necessary building permits costing $3,120 were obtained from the city and paid for on December 1 as well. The excavation work began during the first week in December with payments made to the contractor in 2021 as follows.

Date of Payment		Amount of Payment
March 1		$252,000
May 1		$332,400
July 1		$64,800

The building was completed on July 1, 2021. To finance construction of this plant, Ayayai borrowed $609,600 from the bank on December 1, 2020. Ayayai had no other borrowings. The $609,600 was a 10-year loan bearing interest at 9%. Compute the balance in each of the following accounts at December 31, 2020, and December 31, 2021. (Round answers to 0 decimal places, e.g. 5,275.)

				December 31, 2020		December 31, 2021
(a)		Balance in Land Account
(b)		Balance in Building
(c)		Balance in Interest Expense