On October 10, Crane Retail purchased a parking lot for cash of $320000. The cost of the land was $145000. The paving cost $100000 and the lights to illuminate the new parking area cost $45000. Use the following tabular analysis to record the transaction Liabilities + Assets Land Land Improvements Stockholders' Equity Common Retained Earnings Stock Rev. Exp. - Div. Cash + + Oct. 10 Increase Land Improvements and decrease Cash $320000. Increase Land $245000, increase Land Improvements $45000 and decrease Cash $320000. Increase land 5145000, increase Land improvements $145000 and decrease Cash $320000. Increase Land and decrease Cash $320000