On January 2, 2021, Cavities opened a location in Moose Jaw. To help prepare the financial statements as at and for the quarter ending March 31, 2021, you have been provided with the following information about the property, plant, and equipment for the Moose Jaw location: . The Cavities store will be operated from a property owned by Cavities. An amount of $100,000 plus real estate commission of 5% of the purchase price was paid for the land. A building was constructed to house the Cavities store at a cost of $250,000. The building is expected to have a useful life of 50 years. Shelving and storage bins were purchased at a cost of $40,000. Cavities had to spend an additional $12,000 to reinforce the floor to support the weight of the shelving and storage bins. The shelving and storage bins are expected to have a useful life of 8 years. Two hours prior to opening the store on January 2. Cavities paid $1,500 to have its parking lot cleared of snow. 1) on 1) Complete the chart below. Indicate which costs (in dollars) you would capitalize or expense and WHY Item Capitalize? (dollars) Expense? (dollars) WHY? Land Real estate commission Building Shelving and storage bins Floor support Snow clearing What is the total cost of the capitalized costs and operating costs? $