Current Attempt in Progress Waterway Landscaping began construction of a new plant on December 1, 2025. On this date, the company purchased a parcel of land for $320,900 in cash. In addition, it paid $4,600 in surveying costs and $9,200 for a title insurance policy. An old dwelling on the premises was demolished at a cost of $6,900, with $2,300 being received from the sale of materials: Architectural plans were also formalized on December 1, 2025, when the architect was paid $69,000. The necessary building permits costing $6,900 were obtained from the city and paid for on December 1 as well. The excavation work began during the first week in December with payments made to the contractor in 2026 as follows. The building was completed on July 1, 2026. To finance construction of this plant. Waterway borrowed $1,380.000 from the bank on December 1, 2025. Waterway had no other borrowings, The $1,380.000 was a 10 -year loan bearing interest at 10%. The building was completed on July 1, 2026. To finance construction of this plant, Waterway borrowed $1,380,000 from the bank on December 1. 2025. Waterway had no other borrowings. The $1,380,000 was a 10-year loan bearing interest at 10% Compute the balance in each of the following accounts at December 31, 2025, and December 31, 2026