Cost of land $210,000 Legal fees $ 2,000 related to land purchase Cost of 2,000 Payment of 4,500 removing old delinquent structures property taxes Grading the 5,000 Payment to 900,000 site building contractor Cost of 4,500 Interest cost obtaining incurred during 39,000 building construction permits 20,000 Cost of fencing 5,000 Cost of paving the parking lot itractor 4,500 Interest cost incurred during 39,000 construction Cost of obtaining building permits Cost of paving the parking lot 20,000 Cost of fencing 5,000 The proper balances for the Land account and the Building account should be: Land $218,000 and Building $900,000 Land $214,500 and Building $901,000 Land $223,500 and Building $943,500 Land $223,500 and Building $968,500