On March 1, 2024, Beldon Corporation purchased land as a factory site for $79,000. An old building on the property was demolished, and construction began on a new building that was completed on December 15,2024 . Costs incurred during this period are listed below: Salvaged materials resulting from the demolition of the old building were sold for $3,900. 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 jelow. Determine the amounts that Beldon should capitalize as the cost of the land. Note: Amounts to be deducted should be indicated with a minus sign. Determine the amounts that Beldon should capitalize as the cost of the new building. Note: Amounts to be deducted should be indicated with a minus sign