Exercise 2: (10 points) Jane Browning purchased a tract of land and contracted with a bullder to build an office building on the property. She also engaged other contractors for lighting, fencing. paving, etc. Based on the following transactions, determine the total costs allocated to the land, building, and land improvements accounts. (show your calculations) a) Purchased land for $125,000. b) Paid a contractor $150,000 to design and build the office building. c) Paid a demolition company $20,000 to remove an old structure on the land. d) Paid $15,000 in arrears taxes on the land. e) Paid $20,000 for fencing. f) Paid $10,000 for paving. g) Paid an electrical contractor $15,000 for outdoor lighting