estion #2 Southern Company, a newly formed corporation, incurred the following expenditures related to Land, to Buildings, and to Equipment Attorney fee for title search: S 1,950 Architect's fees: $42,500 Assessment by city for roads: $18,900 Cash paid for land and barn thereon: $420,000 Excavation before construction to prepare land for building: $22,000 Freight on equipment purchased: $960 Hauling charges for delivery of equipment from storage to new building: $500 Installation of equipment: $3,600 Interest on long-term loans during construction: $16,000 New building constructed (building construction took 6 months from date of purchase of land and ba 1,341,500 Removal of barn: $12,000, less salvage sale of old heart redwood: $3,500 Storage charges on equipment because delivery was made early: $1,500 Trees, shrubs, and other landscaping after completion of building (these items are considered permanent in nature): S9,200 Equipment purchased (subject to 2% cash discount, which was not taken): $80,000 Required Determine the amounts that should be debited to Land, to Buildings, and to Equipment. Assume the benefits of capitalizing interest during construction exceed the cost of implementation. Indicate how any costs not debited to these accounts should be recorded