Cala Manufacturing purchases a large lot on which an old building is located as part of its plans to build a new plant. The negotiated purchase price is $201,000 for the lot plus $96,000 for the old building. The company pays $32,700 to tear down the old building and $48,339 to fill and level the lot. It also pays a total of $1,295,096 in construction coststhis amount consists of $1,218,200 for the new building and $76,896 for lighting and paving a parking area next to the building.

Prepare a single journal entry to record these costs incurred by Cala, all of which are paid in cash.