P9-1B Corp. was organized Jan 01. During the year one these expenditures and receipts were recorded in random order. (Note: The only receipt are the "proceeds" in #10) FYI: "proceeds" are basically Cash received which offsets (reduces) your cost 1 Accrued real estate taxes paid at time of purchase of real estate, 5,000 2 Real estate taxes on land paid for the current year. 7,500 3 Full payment to construction contractor 490,000 4. Excavation costs for new factory bldg. 19,000 5. Cost of property bought as a factory site (Land 75,000 & Bldg 25,000) 100,000 6. Cost of parking lots and driveways. 18,000 7. Architects fees on factory building plans. 9,000 8. Installation cost of fences around property 6,000 9. Cost of demolition of the old building to make land (from #5) ready for construction of the new factory. 27,000 10 Proceeds from salvage of demolished building. 3,500 Analyze the above transactions using the column headings (below). Insert the amounts under one of three columns. (1st transaction is done for you)