During the current year, BIG Company had the following transactions pertaining to its new office building: Purchase price of land Legal fees for contract to purchase land Architect fee Demolition of old building on site Sale of scrap from old building Construction cost of new building (fully completed) 600,000 20,000 80,000 50,000 30,000 3,500,000 In BIG's year-end statement of financial position, what amounts should be 2 points reported as cost of land? Your answer In BIG's year-end statement of financial position, what amounts should be 2 points reported as cost of building? Your