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Blue Supply Company, a newly formed corporation, incurred the following expenditures related to Land, to Buildings, and to Machinery and Equipment. Abstract company's fee for

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Blue Supply Company, a newly formed corporation, incurred the following expenditures related to Land, to Buildings, and to Machinery and Equipment. Abstract company's fee for title search $546 Architect's fees 3,329 Cash paid for land and dilapidated building thereon 91,350 Removal of old building $21,000 Less: Salvage 5.775 15,225 Interest on short-term loans during construction 7,770 Excavation before construction for basement 19,950 Machinery purchased (subject to 2% cash discount, which was not taken) 57,750 Freight on machinery purchased 1,407 Storage charges on machinery, necessitated by noncompletion of building when machinery was delivered 2.289 New building constructed (building construction took 6 months from date of purchase of land and old building) 509,250 Assessment by city for drainage project 1,680 Hauling charges for delivery of machinery from storage to new building 651 Installation of machinery 2,100 Trees, shrubs, and other landscaping after completion of building (permanent in nature) 5,670 pe here to search 74F Clear D Determine the amounts that should be debited to Land, to Buildings, and to Machinery and Equipment. Assume the benefits of capitalizing interest during construction exceed the cost of implementation Company uses net method to record discount. (Please leave spaces blank if there is no answer. Do not enter zeros in those spaces.) Land Buildings Machinery and Equipment 01 $ $ $ $ Abstract fees Architect's fees Cash paid for land and old building Removal of old building Interest on loans during construction Excavation before construction Machinery purchased Freight on machinery Storage charges caused by - 0 74F Clear i here to search Question 1 of 6 > - / 1.5 Tii construction Machinery purchased Freight on machinery Storage charges caused by noncompletion of building New building Assessment by city Hauling charges machinery Installation - machinery Landscaping $ e Textbook and Media

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