Blossom Landscaping began construction of a new plant on December 1, 2025. On this date, the company purchased a parcel of land for $376,500 in cash. In addition, it paid $5,400 in surveying costs and $10,800 for a title insurance policy. An old dwelling on the premises was demolished at a cost of $8,100, with $2,700 being received from the sale of materials. Architectural plans were also formalized on December 1, 2025, when the architect was paid $81,000. The necessary building permits costing $8,100 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 2026 as follows. The building was completed on July 1,2026. To finance construction of this plant, Blossom borrowed $1,620,000 from the bank on December 1, 2025. Blossom had no other borrowings, The $1,620,000 was a 10 -year loan bearing interest at 102 . Compute the balance in each of the following accounts at December 31, 2025, and December 31. 2026. The building was completed on July 1, 2026. To finance construction of this plant, Blossom borrowed $1,620,000 from the bank on December 1, 2025, Blossom had no other borrowings. The $1,620,000 was a 10 -year loan bearing interest at 10% Compute the balance in each of the following accounts at December 31,2025, and December 31,2026