Larkspur, Inc. was organized on January 1. During the first year of operations, the following plant asset expenditures and receipts were recorded in random order

Larkspur, Inc. was organized on January 1. During the first year of operations, the following plantas expenditures and receipts were recorded in random der Debit 1. Cost of filling and grading the land $ 3,000 694,500 2. Full payment to building contractor Real estate taxes on land paid for the current year 6,000 Cost of real estate purchased as a plant site (land $104,000 and building $48,500) 152,500 Excavation costs for new building 39,000 12,500 Architect's focs on building plans 7. Accrued real estate taxes paid at time of purchase of real estate 1.500 14,500 8. 9. Cusl of parking lols and driveways Cost of demolishing building to make land suitable for construction of new building 26,000 $949,500 Credit 10. Proceeds from salvage of demolished building $ 3.500 Analyze the foregoing transactions using the following column headings. Insert the amounts in the appropriate columns. For amounts entered in the Other Accounts column, also indicate the account titles. (If an amount reduces the account balance then enter with a negative sign preceding the number, eg. -15,000 or parenthesis, es (15,000 Item Land Buildings Other Accounts 1. $