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On January 1.2024, the Blackstone Corporation purchased a tract of land (site number fi) with a buiding for $640.000. Additionatly. Blackstone paid a real estate

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On January 1.2024, the Blackstone Corporation purchased a tract of land (site number fi) with a buiding for $640.000. Additionatly. Blackstone paid a real estate broker's commission of $40,000. legat tees of $8,000, and title insurance of $20,000. The ciosing statement indicated that the land value was $520,000 and the building value was $120,000. Shortly after acquisition, the building was razed at a cost or $79,000. Blackstone entered into a $3,400,000 foved-price contract with Barnett Bulders, Incorporated, on March 1,2024 , for the construction of an office bulding on land site 11 The building was completed and occupied on September 30,2025. Additional construction costs werte incurred as follows To finance the construction cost, gisekstone botrowed $3,400,000 on March 1,2024 The loan is payable in 10 annual instaliments of 5340,000 plus interest at the rate of 12%. Blackstone's average amounts of accumulated expenditures were as follows: Required: 1. Prepare a schedule that discioses the individual costs raking up the balance in the land account in respect of land sife 11 as of September 30,2025 30,2025 Complete this question by entering your answers in the tabs below. Frepare a shedule that disdoses the individual coits mabing up the balance in the Gand acceunt in respect of land site it as of Septamber 30,2025 . September 30,2025. 2. Prepare a schedule that discloses the individual costs that should be capitalized in the office building account as of September 30,2025 . Complete this question by entering your answers in the tabs below. Prepare a schedule that discloses the individual costs making up the balance in the land account in respect of land site 11 as of September 30, 2025 . Required: 1. Prepare a schedule that discloses the individual costs making up the balance in the land account in respect of land site 11 as of September 30, 2025 . 2. Prepare a schedule that discloses the individual costs that should be capitalized in the office building account as of September 30,2025 Complete this question by entering your answers in the tabs below. Prepare a schedule that discloses the individual costs that should be capitalized in the office building account as of september 30,2025. Note: Do not round intermediate calculations

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