Nash Landscaping began construction of a new plant on December 1, 2025. On this date, the company purchased a parcel of land for $83,400 in cash. In addition, it paid $1,200 in surveying costs and $2,400 for a title insurance policy. An old dwelling on the premises was demolished at a cost of $1,800, with $600 being received from the sale of materials. Architectural plans were also formalized on December 1, 2025, when the architect was paid $18,000. The necessary building permits costing $1,800 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 2026 as follows. Date of Payment_______________ Amount of Payment March 1______________________$144,000 May 1________________________$198,000 July 1________________________$36,000 The building was completed on July 1, 2026. To finance construction of this plant, Nash borrowed $360,000 from the bank on December 1, 2025. Nash had no other borrowings. The $360,000 was a 10-year loan bearing interest at 10%. Compute the balance in each of the following accounts at December 31, 2025, and December 31, 2026. December 31, 2025___________________ December 31, 2026 a. Land b. Building c. Interest expense