Part 1: ABC Corporation purchased land to its plant to improve access for trucks making deliveries. Expenditures incurred in purchasing the land were as follows: purchase price, 73,000; broker's fees, 6,000; searching and other fees, 5,300; demolition of an old building on the land, 5,700; laying and paving driveway, 25,000; lighting 7,500; signs, 1,500. What is the total cost of the land? (show the items that should be included in the cost of the land). Part 2: Al-Ghamdi Company purchased a delivery truck for $50,000 on January 1, 2016. The truck was assigned an estimated useful life of 5 years and has a residual value of $10,000. Compute the annual depreciation expense using the straight-line method. Part 3: Assume Al-Ghamdi Company decided to sell the truck after the second year 2017. Prepare the journal entries to record the sales of the truck according to the following situations: a. The truck was sold at the end of 2017 for $35,000. b. The truck was sold at the end of 2017 for $30,000