Cala Manufacturing purchases land for $393,000 as part of its plans to build a new plant. The company pays $29,600 to tear down an old building on the lot and $43,756 to fill and level the lot. It also pays construction costs $1,701,600 for the new building and $107,410 for lighting and paving a parking area. Prepare a single journal entry to record these costs incurred by Cala, all of which are paid in cash.

Land

Land Improvement

Building

Cash