Crane Landicapine began construction of a new plant on December 1, 2025, On this date the company purchased a parcel of land for 56.500 in cash in addition, it paid $1,000 insuryeying costs and $2,000 for a titie insurance policy, An old dwe tling on the premises wat denckished at a cost of $1500, with 5500 being received from the sale of materials. Archit toctural plans were also formatized on December 1, 2025, when the architect was paid 515,000 . The necessary building permits costhe $1,500 were obtained from the city and itid for on December t as welt The exavation work beganduring the frst week in December with payments made to the contractor in 2026 as follows The building was completed on July 1.2026 . To hnance construction of this plant, Crane borrowed $300.000 from the bark on December 1.2025. Crane had no other borrowings. The $300000 was a 10-year loan bearing interest at 8% Compute the balance in each of the following accounts at December 31, 2025, and December 31,2026 The building was completed on July 1,2026 . To finance comstruction of this plant. Crane barrowed $300,000 from the bank on December 1,2025 , Grane had no other borrowings. The 5300,000 was a 10 year loan bearing interest at 8% Compute the balance in each of the following acct unts at December 31, 2025, and December 31,2026