on march 31 , 2020 capital investment advisers paid $4570000 for land with two bulidings on it . the plan was to demolish builing 1 and build a new store ( Builiding 3 ) in its place . building 2 was to be used as a company office and was appraised at a value of $1074790.A lightened parking lot near builing 2 had improvements (land improvements 1)valued at $607490. without considering the buildings or improvements, the tract of land was estimated to have a value of $2990720. capital incurred the following addtional costs.

cost to demolish building 1	$703160
cost of additional landscaping	272020
cost to construct new building (building 3)	2476000
cost of new land improvements near building 2 (land improvements 2)	254600

1. allocate the cost incureed by capital to the appropriate columns and total each column.

2. prepare a single journal entry dated march 31, 2020 to record all the incurred costs assuming they were paid in cash on that date.

a)record costs of plant assests.