Cullumber Company was organized on January 1. During the first year of operations, the following plant asset expenditures and receipts were recorded in random order. 1. 2. 3. 5. Debit Excavation costs for new building Architect's fees on building plans Full payment to building contractor Cost of real estate purchased as a plant site (land $270,000 and building $25.000) Cost of parking lots and driveways Accrued real estate taxes paid at time of purchase of land Installation cost of fences around property Cost of demolishing building to make land suitable for construction of new building Real estate taxes paid for the current year on land $38.000 48,000 655,000 295,000 44,000 4,670 8,300 46,000 7.900 $1,146,870 6. 7. 8. 9. Credit Proceeds from salvage of demolished building 10. $ 13,500 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. (If an amount falls into either the Land or Buildings column, enter "Not Applicable" in the account title column. Enter negative amounts using either a negative sign preceding the number 4.g. - 45 or parentheses e.g. (45).) Other Accounts Amounts Account Title Item Land Building 1 $ 2