In 2021, Sheridan Company had the following transactions related to the purchase of a property, All transactions were for cash unless otherwise stated Jan. 12 16 31 Purchased real estate for a future plant site for $417,000, paying $97.000 cash and signing a note payable for the bala Paid $8,700 for legal fees on the real estate purchase. Pald $62,500 to demolish the old building to make room for the new plant. Received $9.700 for residual materials from the demolished building, Graded and filled the land in preparation for the construction for $8.700. Feb. 13 28 Mar. 14 Paid $38,250 in architect fees for the building plans, 31 Paid the local municipality $15.700 for building permits. Paid excavation costs for the new building of $17,700 Apr. 22 Sept. 26 The construction of the building was completed. The full cost was $737,000. Paid $142,000 cash and signed a mortga Sept. 30 Purchased a one-year insurance policy for the building. $4,700, Oct. 20 Paved the parking lots, driveways, and sidewalks for $50,000. Nov. 15 Installed a fence for $11.700. (a) Record the above transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Record journal entries in the order presented in the problem.) Date Credit Debit Account Titles and Explanation Jan. 12 (To record purchase of land in exchange for cash and a note payable.) 4