Cost of land and building

During 2016, Burr Co. made the following expenditures related to the acquisition of land and the construction of a building:

Purchase price of land $ 60,000 Legal fees for contracts to purchase land 2,000 Architects' fees 8,000 Demolition of old building on site 5,000 Sale of scrap from old building 3,000 Construction cost of new building (fully completed) 350,000

What amounts should be recorded as the initial values of the land and the building? Please show steps and calculation. Thanks.