Current Attempt in Progress Kendrick Company was organized on January 1. During the first year of operations, the following expenditures and receipts were recorded in random order. Debits 1. Cost of real estate purchased as a plant site (land and building) Accrued real estate taxes paid at the time of the purchase of the real estate Cost of demolishing building to make land suitable for construction of a new building Architect's fees on building plans $130,000 4,000 10,000 14,000 30,000 5,000 6,000 7,000 Excavation costs for new building Cost of filling and grading the land 7. Insurance and taxes during construction of building Cost of repairs caused by a small fire shortly after completion of building 9. Interest paid during the year, of which $45,000 pertains to the construction period 74,000 955,000 10. 11. Full payment to building contractor Cost of parking lots and driveways 36,000 4,000 12. Real estate taxes paid for the current year on the land Total Debits $1,275,000 Credits 3,500 13. Proceeds from salvage of demolished building $3,500 Total Credits Analyze the foregoing transactions using the following tabular arrangement. Insert the amounts in the appropriate columns and select appropriate account title for transactions falling under other column (Enter credit transactions with negative sin preceding the numberes-45 or parentheses es (45) Item Land Buildings Othe Account Title