Current Attempt in Progress For the year ended December 31, 2021, Wildhorse Ltd. had the following transactions related to the purchase of property. Assume all transactions are for cash unless otherwise stated. Feb. 7 Purchased real estate for $1.1 million, paying $328,600 cash and signing a mortgage payable for the balance. The site had an old building on it and the fair values of the land and building were $1.0 million and $103,200, respectively. The old building will be demolished and a new apartment building will be constructed on the site. 9 Paid legal fees of $23,600 on the real estate purchase of February 7. 15 Paid $59,630 to demolish the old building and make the land ready for the construction of the apartment building. Received $16,250 from the sale of material from the demolished building. 16 28 Paid $4,000 to grade the land in preparation for the construction of the apartment building. Mar. 2 Paid architect fees of $75,940 to design the apartment building. July 2 The full cost for construction of the apartment building was $2.4 million. Paid $739,450 cash and signed a bank loan payable for the balance. 3 Purchased a one-year insurance policy on the finished building for $10,800. Aug. 29 Paid $50,240 for the paving of sidewalks and a parking lot for the building. (a) Record the above transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Record journal entries in the order presented in the problem.)