Ch. 8- Homework Help s 7 Exercise 8-2 Recording costs of assets LO C1 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 $204,000 for the lot plus $99.000 for the old building. The company pays $26,900 to tear down the old building S39765 to fil and level the lot niso pays a total of St829.528 inconstructon cost-this amount consists oS020900 for the new building and $108.628 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. Journal entry worksheet Record the total costs of the plant assets Note: Enter