Ayer Sell Storage purchased land, paying $185,000 cash as a down payment and signing a $145,000 note payable for the balance. Ayer also had to pay delinquent oroperty tax of $5,500, titie insurance costing $4,000, and $9,000 to level the land and remove an unwanted building. The company paid $52,000 to add soil for the loundation and then constructed an office bulding at a cost of $750,000. It also paid $49,000 for a fence around the property, $18,000 for the company sign near the property entrance, and $6,000 for lighting of the grounds. Read the The cost of the land is During 2021, Ming's Book Store paid $486,000 for land and bulit a store in Naperville, Illinois. Prior to construction, the city of Naperville charged Ming's $1,000 for a bulding permit, which Ming's paid. Ming's also paid $15,000 for architects fees. The construction cost of $670,000 was financed by a long-term note payable, with interest costs of $28,020 paid at the completion of the project. The bullding was completed June 30,2021 . Ming's depreciates the building using the straight-line method over 35 years, with estimated residual value of $330,000. Read the requirements. Requirement 1. Joumalize transactions for the following (explanations are not required): a. Purchaise of the land, b. All the costs chargeable to the building in a single entry, and c. Depreciation on the building for 2021. (Record debits first, then credits. Exclude explanations from any journal entries.) a. Journalize the purchase of the tand