Exercise 8-2 (Algo) Recording costs of assets LO C1 Cala Manufacturing purchases land for $341,000 as part of its plans to build a new plant. The company pays $40,900 to tear down an old building on the lot and $60,461 to fill and level the lot. It also pays construction costs of $1,797,100 for the new building and $113,438 for lighting and paving a parking area. Prepare a single journal entry to record these costs incurred by Cala, all of which are paid in cash. Journal entry worksheet Note: Enter debits before credits