Determining Ending Balances in Land and Building Accounts Maldive Company completes the construction of a building. The following separate items are the costs relevant to the purchase of the lot and construction of the building. $260,000 Cash payments to contractor Sales tax on construction materials used in addition to contractor payments 7,800 Cost of land (building site) 130,000 Gross cost to raze old building on land 52,000 Proceeds from old building salvage 13,000 Utility charges for electricity used in construction 5,200 7,800 Capitalized interest on construction Determine the ending balance for the Land account and for the Building account. $ Ending balance in the Land account Ending balance in the Building account $ Support