Marigold Landscaping began construction of a new plant on December 1, 2020. On this date, the company purchased a parcel of land for $138,000 in cash. In addition, it paid $2,160 in surveying costs and $4,560 for a title insurance policy. An old dwelling on the premises was demolished at a cost of $3,360, with $960 being received from the sale of materials. Architectural plans were also formalized on December 1, 2020, when the architect was paid $32,400. 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 2021 as follows. Date of Payment Amount of Payment March 1 $254,400 May 1 336,000 July 1 61,200 The building was completed on July 1, 2021. To finance construction of this plant, Marigold borrowed $609,600 from the bank on December 1, 2020. Marigold had no other borrowings. The $609,600 was a 10-year loan bearing interest at 10%. Compute the balance in each of the following accounts at December 31, 2020, and December 31, 2021. (Round answers to O decimal places, eg. 5,275.) December 31, 2020 December 31, 2021 Balance in Land Account (b) Balance in Building (c) Balance in Interest Expense