down below is the transaction sheet

In January 2013. Mitzu Co. pays S2.750.000 for a tract of land with two buildings on it It plans to demolish Building 1 and build a new store in its place. Building 2 will be a company office it is appraised at S750.000. with a useful life of 20 years and an $70,000 salvage value A lighted parking lot near Building 1 has improvements (Land Improvements 1) valued at $390,000 that are expected to last another 13 years with no salvage value. Without the buildings and improvements, the tract of land is valued at $1,860,000. The company also incurs the following additional costs: Allocate the costs incurred by Mitzu to the appropriate columns and total each column Prepare a single journal entry to record all the incurred costs assuming they are paid in cash on January 1, 2013. Using the straight-line method, prepare the December 31 adjusting entries to record depreciation for the 12 months of 2013 when these assets were in use. In January 2013. Mitzu Co. pays S2.750.000 for a tract of land with two buildings on it It plans to demolish Building 1 and build a new store in its place. Building 2 will be a company office it is appraised at S750.000. with a useful life of 20 years and an $70,000 salvage value A lighted parking lot near Building 1 has improvements (Land Improvements 1) valued at $390,000 that are expected to last another 13 years with no salvage value. Without the buildings and improvements, the tract of land is valued at $1,860,000. The company also incurs the following additional costs: Allocate the costs incurred by Mitzu to the appropriate columns and total each column Prepare a single journal entry to record all the incurred costs assuming they are paid in cash on January 1, 2013. Using the straight-line method, prepare the December 31 adjusting entries to record depreciation for the 12 months of 2013 when these assets were in use