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Grouper Resorts began construction of a new hotel on December 1, 2025. On this date, the company purchased a parcel of land for $260,000 in cash. In addition, it paid $2,700 in surveying costs and $6,500 for a title insurance policy. An old dwelling on the premises was demolished at a cost of $9,900, with $1,900 being received from the sale of materials. Architectural plans were also formalized on December 1,2025 , when the architect was paid $62,000. The necessary building permits costing $16,000 were obtained from the city and paid for on December 1 as well. The excavation work began during the first week in December with payments made to the contractor as follows: The building was completed on July 1,2026. To finance construction of this hotel, Grouper borrowed $2,508,000 from the bank on December 1,2025 . Grouper had no other borrowings. The $2,508,000 was a 10 -year loan bearing interest at 6%. Compute the balance in each of the following accounts at December 31,2025 , and December 31,2026 . (Round answers to 0 decimal places, e.g. 5,275.) Grouper Resorts began construction of a new hotel on December 1, 2025. On this date, the company purchased a parcel of land for $260,000 in cash. In addition, it paid $2,700 in surveying costs and $6,500 for a title insurance policy. An old dwelling on the premises was demolished at a cost of $9,900, with $1,900 being received from the sale of materials. Architectural plans were also formalized on December 1,2025 , when the architect was paid $62,000. The necessary building permits costing $16,000 were obtained from the city and paid for on December 1 as well. The excavation work began during the first week in December with payments made to the contractor as follows: The building was completed on July 1,2026. To finance construction of this hotel, Grouper borrowed $2,508,000 from the bank on December 1,2025 . Grouper had no other borrowings. The $2,508,000 was a 10 -year loan bearing interest at 6%. Compute the balance in each of the following accounts at December 31,2025 , and December 31,2026 . (Round answers to 0 decimal places, e.g. 5,275.)