only answer 1

Exercise 92 Recording costs of real estate-land versus building costs LO1 After planning to build a newplant, Kallisto Backpack Manufacturing purchased a large lot on which a small building was located. The negotiated purchase price for this real estate was $1,800,000 for the lot plus $600,000 for the building. The company paid $87,000 to have the old building tom down and $117,000 for levelling the lot. Finally, it paid $3,480,000 in construction costs, which included the cost of a new building plus $227,000 for lighting and paving a parking lot next to the building. Present a single journal entry to record th costs incurred by Kallisto, all of which were paid in cash (assume a date of March 10,2023 , for your entry)