Expenditures 1. Excavation costs for new building $13,540 2. Architect's fees on building plans 39,540 3. Full payment to building contractor 655,600 4. Cost of real estate purchased as a plant site (land $274,400 and building $30,700) 305,100 5. Cost of parking lots and driveways 28,430 6. Accrued real estate taxes paid at time of purchase of real estate 3,730 7. Installation cost of fences around property 8,250 8. Cost of demolishing building to make land suitable for construction of new building 28,200 6 9. Real estate taxes paid for the current year on land 7,160 $1,089,550 Receipts 10. Proceeds from salvage of demolished building $11,900