Item 1: Entity A incurred the following plant asset expenditures in during the year. $140,000 1. Real estate purchased to build an aviation maintenance hangar (seller valued land at $80,000 and building $80,000) 2. Accrued real estate taxes (owed by seller) paid at time of purchase of real estate 3,000 3. Cost of demolition of building to make land suitable for construction of hangar 75,000 4. Cost of filling and grading the land 57,000 5. Excavation (foundation) costs for new hangar 125,000 6. Engineering and design fees for hangar 44,000 7. Full payment to hangar building contractor 6,560,000 8. Cost of lighting and paving a parking lot for hangar employees 100,000 15,500 9. Proceeds from salvage of demolished building List the items and amounts that make up the Land account. Be sure to provide a total.