Oriole Landscaping began construction of a new plant on December 1, 2025. On this date, the company purchased a parcel of land for $333,600 in cash. In addition, it paid $4.800 in surveying costs and $9,600 for a title insurance policy. An old dwelling on the premises was demolished at a cost of $7.200, with $2.400 being received from the sale of materials. Architectural plans were also formalized on December 1, 2025, when the architect was paid $72,000. The necessary building permits costing $7,200 were obtained from the city and paid for on December 1 as well. The excavation work began during the first week in December with payments made to the contractor in 2026 as follows. Date of Payment Amount of Payment March 1 May 1 July 1 $576,000 792,000 144,000 The building was completed on July 1, 2026. To finance construction of this plant. Oriole borrowed $1,440,000 from the bank on December 1, 2025. Oriole had no other borrowings. The $1,440,000 was a 10-year loan bearing interest at 10%. Compute the balance in each of the following accounts at December 31, 2025, and December 31, 2026 a Land b. Building L Interest expense December 31, 2025 352800 December 31, 2026 352800