Larkspur Landscaping began construction of a new plant on December 1, 2017. On this date, the company purchased a parcel of land for $141, 600 in cash. In addition, it paid $3, 120 in surveying costs and $3, 840 for a title insurance policy. An old dwelling on the premises was demolished at a cost of $3, 360, with $1, 200 being received from the saleof materials. Architectural plans were also formalized on December 1, 2017, when the architect was paid $37, 200. The necessary building permits costing $3, 360 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 in 2018 as follows. The building was completed on July 1, 2018. To finance construction of this plant, Larkspur borrowed $608, 400 from the bank on December 1, 2017. Larkspur had no other borrowings. The $608, 400 was a 10-year loan bearing interest at 10%. Compute the balance in each of the following accounts at December 31, 2017, and December 31, 2018. (Round answers to O decimal places, e.g. 5, 275.)