Current Attempt in Progress Pharoah 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 4. 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 $262,000 and building $25.000) Cost of parking lots and driveways Accrued realestate taxes paid at time of purchase of land Installation cost offences 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 5. 6. 7 8 9. $30,000 40.000 647.000 287.000 36,000 3,870 7.500 38.000 7.100 $1,096,470 Credit $ 12.700 10 Proceeds from salvage of demolished building 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 of an amount falls into either the Land or Buildings column, enter "Not Applicabile in the account title column. Enter negative amounts using either a negative sin preceding the number es 45 or parentheses eg. (451) Other Accounts Account Title Item Land Building Amounts 1 $ $ Other Accounts Account Title Item Land Building Amounts $ 1 4 > 5