Larkspur Landscaping began construction of a new plant on December 1, 2022 (all amounts in thousands). On this date, the company purchased a parcel of land for $180,700 in cash. In addition, it paid 2,600 in surveying costs and 5,200 for a title insurance policy. An old dwelling on the premises was demolished at a cost of 3,900, with 1,300 being received from the sale of materials. Architectural plans were also formalized on December 1,2022 , when the architect was paid 39,000. The necessary building permits costing 3,900 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 2023 as follows. The building was completed on July 1, 2023. To finance construction of this plant, Larkspur borrowed $780,000 from the bank on December 1,2022 . Larkspur had no other borrowings. The $780,000 was a 10 -year loan bearing interest at 8%. Excess funds from the loan were invested during 2022 and earned 2,600. During 2023 , the excess funds from the loan earned 1,300. Compute the balance in each of the following accounts at December 31, 2022, and December 31, 2023. (Round answers to 0 decimal places, e.g. 5,275.)