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PawtucketPawtucket Furniture purchased land, paying $ 85 comma 000$85,000 cash plus a $ 310 comma 000$310,000 note payable. In addition, PawtucketPawtucket paid delinquent property tax

PawtucketPawtucket

Furniture purchased land, paying

$ 85 comma 000$85,000

cash plus a

$ 310 comma 000$310,000

note payable. In addition,

PawtucketPawtucket

paid delinquent property tax of

$ 4 comma 000$4,000,

title insurance costing

$ 5 comma 500$5,500,

and

$ 3 comma 000$3,000

to level the land and remove an unwanted building. The company then constructed an office building at a cost of

$ 500 comma 000$500,000.

It also paid

$ 49 comma 000$49,000

for a fence around the property,

$ 11 comma 000$11,000

for a sign near the entrance, and

$ 7 comma 000$7,000

for special lighting of the grounds.

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