Knight Company purchased a tract of land and contracted with a builder to build an office building, a parking lot, and landscaping. The following transactions resulted from the contractor's activities. Determine the total costs allocated to the land, building, and land improvements accounts. Purchased land for $135,000. Paid a demolition company $35,000 to remove an old structure on the property. Paid $15,000 in delinquent taxes on the property. Paid the contractor $300,000 to design and build the office building. Paid $25,000 for fencing. Paid $40,000 for paving. Paid an electrical contractor $10,000 for outdoor lighting