In 2021, Sunland Company had the following transactions related to the purchase of a property. All transactions were for cash unless otherwise stated Jan. 12 Purchased real estate for a future plant site for $407,000, paying $87,000 cash and signing a note payable for the bala 16 Paid $7,700 for legal fees on the real estate purchase. 31 Paid $37,500 to demolish the old building to make room for the new plant. Feb. 13 Received $8,700 for residual materials from the demolished building, 28 Graded and filled the land in preparation for the construction for $7.700. Mar. 14 Paid $35,750 in architect fees for the building plans. 31 Paid the local municipality $14.700 for building permits. Apr. 22 Paid excavation costs for the new building of $16,700, Sept. 26 The construction of the building was completed. The full cost was $727.000. Paid $132,000 cash and signed a mortgag Sept. 30 Purchased a one-year insurance policy for the building. $3,700. Oct. 20 Paved the parking lots driveways, and sidewalks for $40,000 Installed a fence for $10,700. Nov. 15 In 2021, Sunland Company had the following transactions related to the purchase of a property. All transactions were for cash unless otherwise stated The fair values of the land and building were $397,000 and $37,000, respectively. The old building will be demolished and a new on In 2021, Sunland Company had the following transactions related to the purchase of a property. All transactions were for cash unless otherwise stated Jan. 12 Purchased real estate for a future plant site for $407,000, paying $87,000 cash and signing a note payable for the bala 16 Paid $7,700 for legal fees on the real estate purchase. 31 Paid $37,500 to demolish the old building to make room for the new plant. Feb. 13 Received $8,700 for residual materials from the demolished building, 28 Graded and filled the land in preparation for the construction for $7.700. Mar. 14 Paid $35,750 in architect fees for the building plans. 31 Paid the local municipality $14.700 for building permits. Apr. 22 Paid excavation costs for the new building of $16,700, Sept. 26 The construction of the building was completed. The full cost was $727.000. Paid $132,000 cash and signed a mortgag Sept. 30 Purchased a one-year insurance policy for the building. $3,700. Oct. 20 Paved the parking lots driveways, and sidewalks for $40,000 Installed a fence for $10,700. Nov. 15 In 2021, Sunland Company had the following transactions related to the purchase of a property. All transactions were for cash unless otherwise stated The fair values of the land and building were $397,000 and $37,000, respectively. The old building will be demolished and a new on