Flounder Landscaping began construction of a new plant on December 1, 2017. On this date, the company purchased a parcel of land for $147,600 in cash. In addition, it paid $1,920 in surveying costs and $3,840 for a title insurance policy. An old dwelling on the premises was demolished at a cost of 53,360, with $720 being received from the sale of materials. Architectural plans were also formalized on December 1, 2017, when the architect was paid $33,600. The necessary building permits costing $3,360 were obtained from the city and paid for on December 1 as well. The excavation work began during the first week in December with payments made to the contractor in 2018 as follows. Date of PaymentAmount of Payment March1 May 1 July 1 $259,200 332,400 62,400 The building was completed on July 1, 2018. To finance construction of this plant, Flounder borrowed S60 1,200 from the bank on December 1, 2017 Flounder had no other borrowings. The $601,200 was u 10 year loan bearing interest at 10% Compute the balance in each of the following accounts at December 31, 2017, and December 31, 2018. (Round answers to 0 decimal places, e.g. 5,275.) December 31, 2017 December 31, 2018 (a) Balance in Land Account (b) Balance in Building (c) Balance in Interest Expense 156000 385 716566.1 3402 36121.9