Problem 10-3 Tamarisk Company was incorporated on January 2, 2021, but was unable to begin manufacturing activities until July 1, 2021, because new factory facilities were not completed until that date. The Land and Buildings account reported the following items during 2021. 415,719 January 31 February 28 May 1 May 1 June 1 June 1 June 1 June 30 July 1 December 31 December 31 December 31, 2021 Land and buildings Cost of removal of building Partial payment of new construction Legal fees paid Second payment on new construction Insurance premium Special tax assessment General expenses Final payment on new construction Asset write-up Depreciation-2021 Account balance at 1% $162,500 9 , 964 63,950 4,490 40,600 2,280 4,130 38,413 32,950 56,442 (3,773 ) The following additional information is to $411,946 be considered.