On February 1, 2020, Bramble Corp, purchased a parcel of land as a factory site for $325000. An old building on the property was demolished, and construction began on a new building which was completed on November 1, 2020. Costs incurred during this period are listed below: Demolition of old building $ 18800 Architect's fees 37000 Legal fees for the investigation and purchase contract 4700 Construction costs 1388000 (Salvaged materials resulting from demolition were sold for $9500) Bramble should record the cost of the land and new building, respectively, $334300 and $1429700 $334300 and $1425000 $3.39000 and $1425000, 5348500 and $1415500