Mailings Review es View Tell me Aal AaBbCcDdEe .AL AaBbCcDdE V Aalthcare Normal NE Infrab TY Td Heading 5 v Problem 1: MU Parking, near an airport, incurred the following costs to acquire land, make land improvements, and construct and furnish a small building: a. Purchase price of three acres of land S 86,000 6,300 8,400 3,400 9,600 900 20,100 b. Delinquent real estate taxes on the land to be paid by Safe Parking c. Additional dirt and earthmoving d. Title insurance on the land acquisition I e. Fence around the boundary of the property 1. Building permit for the building g. Architect's fee for the design of the building h. Signs near the front of the property 1. Materials used to construct the building j. Labor to construct the building k. Interest cost on construction loan for the building 1. Parking lots on the property m. Lights for the parking lots n. Salary of construction supervisor (80% to building: 20% to parking lot and concrete walks) 0. Furniture p. Transportation of furniture from seller to the building 4. Additional fencing 9,000 217,000 172,000 9,500 29,400 11,600 80,000 11,700 1,900 6,900 Requirement Set up columns for Land, Land Improvements, Building, and Furniture Show how to account for each cost by listing the cost under the correct account. Determine the total cost of each asset. F