Exercise 8-2 (Static) Recording costs of assets LO C1 Cala Manufacturing purchases land for $390,000 as part of its plans to bulld a new plant. The company pays $33.500 to tear down an old buliding on the lot and $47,000 to fill and level the lot. It also pays construction costs of $1,452.200 for the new bulling and $87,800 for lighting and paving a parking ored. Prepare a single joumal entry to record these costs incurred by Cala, all of which are paid in cash