On March 1, 2024, Beldon Corporation purchased land as a factory site for $64,000. An old building on the property was demolished, and construction began on a new buliding that was completed on December 15, 2024, Costs incurred during this period are listed below: Salvaged materials resuiting from the demolition of the old building were sold for $2,400. Required: Determine the amounts that Beldon sbould capitalize as the cost of the land and the new building