Humbolt Hardware Company, to construct a new office building for themselves, purchased a tract of

land with an old unsuitable building on it$.$ They plan to remove the building and make the following

transactions. Prepare a schedule showing the amounts to be recorded as Land, Building, Equipment,

and Operating Expenses. Survey of the site for the new building $ $6,590$

Electricity to operate machinery once installed $ $681$

Installation of new roof $ $1,647$

Construction costs of new building $ $1,901,111$

Purchase of machinery and equipment $ $83,858$

Removal of old building $ $18,778$

Legal fees for title search of property $ $648$

Purchase price for land and existing building $ $118,626$

Clearing of land for parking lot $ $6,086$

Architect's fees $ $9,527$