Item 1: Entity A purchased land adjacent to its plant to improve access for trucks making deliveries. The expenditure incurred in purchasing the land was as follows: Purchase price $75,000 Broker's fees 1,700 Title search and survey 5.000 Demolition of an old building on property 5,700 Grading 1,200 3,000 Digging foundation for the road Laying and paving driveway Lighting 25,000 7,500 1,500 Signs Proceeds from the salvage of the demolished building were $1.000. List the items and amounts that make up the Land account. Be sure to provide a total. 1 Item 3: Equipment that cost $72,000 and on which $60,000 of accumulated depreciation has been recorded was disposed of for $9,000 cash. Make the entry to record this transaction. Hint: Compute BV and then gain (loss)