In each of the below situations, determine theamount of cost to be capitalized in the asset accouits. New Office Equipmerit 1 Purdhase price: $48,200;tems:1/10 n/30; pad within the discount period 2 Shipping Costs: $620. 3 Installation Costs: $50a. 4 Routine maintenance cost after eight months: $125 Note-Onlythe purchase price willbe used to calculate the discount. Office equipmeri Asset Captalzed Cost Office fumiture Basket Purthase of office Fumiture, Computers, and Printers for $39,5ca The assets had the following Fair Market Values 1 Office fumiture, $27,800. 2 Computers, $6,500 3 Printers, $11,00a. Basket purthase: Asset Captalzed Cost Office fumiture Priniters Total Land purthased for business expansion: 1 Purchase price, $65,200. 2 Cost to remove trees and clear the land, $4,320. 3 Lumbersold for $1,710. 3 Preparation of land for new building, $9,500. 4 Construction a Land and building Allocated Cost Asset Land New Building Total