Exercise 9-2 Recording costs of real estate-land versus building costs L01 After planning to build a new plant, Kallisto Backpack Manufacturing purchased a large lot on which a small building was located. The negotiated purchase price for this real estate was $1,550,000 for the lot plus $550.000 for the building. The company paid $82,000 to have the old building torn down and $112.000 for levelling the lot. Finally, it paid $3.230,000 in construction costs, which included the cost of a new building plus $222,000 for lighting and paving a parking lot next to the building. Present a single journal entry to record the costs incurred by Kallisto, all of which were paid in cash (assume a date of March 10, 2020, for your entry) View transaction list Journal entry worksheet 1 Record the costs of plant assets. Note: Enter debits before credits. Debit Credit Date General Journal March 10, 2020 Land Land improvements Building Cash 32,300,000