(LO 1) Venable Company was organized on January 1. During the first year of operations, the following plant asset expenditures and receipts were recorded in random order. Debit Cost of filling and grading the land Full payment to building contractor $ 4,000 Real estate taxes on land paid for the current year 690,000 5,000 Cost of real estate purchased as a plant site (land $100,000 and building $45,600) 145,000 Excavation costs for new building 35,000 Architect's fees on building plans 10,000 Accrued real estate taxes paid at time of purchase of real estate 2,000 Cost of parking lots and driveways 14,000 Cost of demolishing building to make land suitable for construction of new building 25,000 $930,000 Credit 10. Proceeds from salvage of demolished building $ 3,500 Instructions Analyze the foregoing transactions using the following column headings. Insert the number of each transaction in the Item space, and insert the amounts in the appropriate columns. For amounts entered in the Other Accounts column, also indicate the account titles, Use the template provided below and upload to Moodle