On March 1, 2021. Beldon Corporation purchased land as a factory site for $78,000. An old building on the property was demolished, and construction began on a new building that was completed on December 15, 2021. Costs incurred during this period are listed below: Demolition of old building Architect's tees for new building) Legal teen for title investigation of land Property taxes on land (for period beginning March 1, 2021) Construction conto Interest on construction loan $ 8,000 17,000 4,500 4,800 680,000 9,000 Salvaged materials resulting from the demolition of the old building were sold for $3,800 Required: Determine the amounts that Beldon should capitalize as the cost of the land and the new building Complete this question by entering your answers in the tabs below. Cost of New Cost of Land Building Determine the amounts that Beldon should capitalize as the cost of the land. (Amounts to be deducted should be indicated with o minus sign.) Capitalized cost of land Legal fees for title investigation of land Property taxes on land (for period beginning March 1, 2021) Construction costs Interest on construction loan 4.500 4,800 680,000 9,000 Salvaged materials resulting from the demolition of the old building were sold for $3,800. Required: Determine the amounts that Beldon should capitalize as the cost of the land and the new building. Complete this question by entering your answers in the tabs below. Cost of New Cost of Land Building Determine the amounts that Beldon should capitalize as the cost of the new building Capitalized cost of building Total cost of building