Ouring the year, the following transactions ocoured. 1. Land site =101 is acquired for 33,000,000. To acquire the Land, Hive pays a 5180,000 commisson to a reat estate agent Costs of 530000 are incurred to clear the land. During the course of ciearing the tand, timber and gremet are recovered and sold for $16,000. 2. A second tract of land tote w102l with a building is acquired for $600,000. The closeng staternent ind cates that the land value is $400,000 and the building value is $200,000. Shorty atine acquisation, the bulding is deinalished st a cost of 540,000 . A new building is construtted for 1300,000 plus the following conss, 3. A thind tratt of land (wite in 103) acouired for 31,500.000 and is put on the market for reath. following (the lespor paid half the cous inctarced for she extentwe work) 5. Dunn, December, 5120,000 is spent to improve leased office space. The retaed lease wilt terminate on December 3t in three years, and is not enpected to be renewed 6. A group of new machines is purchaved under a royalty agsement which provides for payment of royaltes based an unts of production for the machines. the imoike price of the makchink Wat 1270,000 keeight costs were 12,000 , uniosding costs were $3,000, ard royalty plyments for the year were 144,000 . Required the related icoumulated deprecolioct akcounts. tenwa net included ts detarmine batances la part o