Bridgeport Landscaping began construction of a new plant on December $1,2020.$ On this date, the company purchased a parcel of land for $$139,200$ in cash. In addition, it paid $$2,160$ in surveying costs and $$4,080$ for a title insurance policy. An old dwelling on the premises was demolished at a cost of $$3,360,$ with $$1,200$ being received from the sale of materials.

Architectural plans were also formalized on December $1,2020,$ when the architect was paid $$30,000.$ The necessary building permits costing $$3,360$ 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.

$\backslash$table$[[$Date of Payment,Amount of Payment$],[$March $1,$$$253,200$