Flint Company was organized on January $1.$ During the first year of operations, the following plant asset expenditures and receipts were recorded in random order.

Debit

Cost of filling and grading the land

Full payment to building contractor

Real estate taxes paid for the current year on land

Cost of real estate purchased as a plant site $($land $$112,000$ and building $$48,500)$

Excavation costs for new building

Architect's fees on building plans

Accrued real estate taxes paid at time of purchase of land

Cost of parking lots and driveways

Cost of demolishing building to make land suitable for construction of new building

$\backslash$table$[[24,500,],[10.$ Proceeds from salvage of demolished building,$$950,000$