i need helping solving this problem please!!

Your answer is incorrect. Cheyenne Landscaping began construction of a new plant on December 1, 2017. On this date, the company purchased a parcel of land for $141, 600 in cash. In addition, it paid $2, 400 in surveying costs and $4, 800 for a title insurance policy. An old dwelling on the premises was demolished at a cost of $3, 120, with $960 being received from the sale of materials. Architectural plans were also formalized on December 1, 2017, when the architect was paid $30,000. The necessary building permits costing $3, 120 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. The building was completed on July 1, 2018. To finance construction of this plant, Cheyenne borrowed $602, 400 from the bank on December 1, 2017. Cheyenne had no other borrowings. The $602, 400 was a 10-year loan bearing interest at 10%. Compute the balance in each of the following accounts at December 31, 2017, and December 31, 2018