Crane Company was organized on January 1. During the first year of operations, the following plant asset expenditures and receipts were recorded in random order. Expenditures 1. Excavation costs for new building $13,810 2. Architects fees on building plans 34,440 3. Full payment to building contractor 689,900 4. Cost of real estate purchased as a plant site (land $292,600 and building $34,400) 327,000 5. Cost of parking lots and driveways 28,110 6. Accrued real estate taxes paid at time of purchase of real estate 3,530 7. Installation cost of fences around property 5,830 8. Cost of demolishing building to make land suitable for construction of new building 31,400 9. Real estate taxes paid for the current year on land 5,910 $1,139,930 Receipts 10. Proceeds from salvage of demolished building $ 12,600

Analyze the transactions using the following table column headings. Enter the amounts in the appropriate columns. For amounts in the Other Accounts column, also indicate the account title. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

						Other Accounts
Item		Land		Building		Amounts	Account Title
1		$		$		$	License ExpenseLand ImprovementsPrepaid InsuranceProperty Tax Expense
2							License ExpensePrepaid InsuranceLand ImprovementsProperty Tax Expense
3							Property Tax ExpensePrepaid InsuranceLicense ExpenseLand Improvements
4							Land ImprovementsLicense ExpenseProperty Tax ExpensePrepaid Insurance
5							Not ApplicableProperty Tax ExpensePrepaid InsuranceLand ImprovementsLicense Expense
6							Prepaid InsuranceLand ImprovementsProperty Tax ExpenseLicense Expense
7							Land ImprovementsNot ApplicableProperty Tax ExpensePrepaid InsuranceLicense Expense
8							Land ImprovementsLicense ExpensePrepaid InsuranceProperty Tax Expense
9							Not ApplicablePrepaid InsuranceProperty Tax ExpenseLand ImprovementsLicense Expense
10							Property Tax ExpensePrepaid InsuranceLicense ExpenseLand Improvements
		$		$