Cala Manufacturing purchases land for $495,000 as part of its plans to build a new plant. The company pays $27,600 to tear down an old building on the lot and $40,800 to fill and level the lot. It also pays construction costs of $1,342,700 for the new building and $84,755 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.