On$-$Time Delivery Company acquired an adjacent lot to construct a new warehouse, paying $$27,000$ in cash and giving a short$-$term note for $$275,000.$ Legal fees paid were $$1,605,$ delinquent taxes assumed were $$11,200,$ and fees paid to remove an old building from the land were $$20,600.$ Materials salvaged from the demolition of the building were sold for $$4,500.$ A contractor was paid $$918,100$ to construct a new warehouse.