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I. Todd Company purchase a tract of land and contracted with a builder to build an office building on the property. She also engaged other contractor for lighting, fencing, paving and so forth. Based on the following transactions, determine the total costs allocated to the Land, Building, and Land Improvements accounts. Prepare journal entries: Land in cash, Land Improvement on note Payable and the Building in mortgage. 25 ptos. a. Purchased Land for $125,000. b. The company paid a contractor $250,000 to design and build the office building. c. Paid a demolition company $10,000 to remove an old structure on the property. d. Paid $12,000 in property tax (Land). e. Paid $14,700 for fencing. f. Architectural fees $15,000. g. Paid $9,500 for paving. h. Building permits $11,000. i. Legal Fees (Land) $1,500 j. Paid an electrical contractor $11,900 for outdoor lighting