Pharoah Company was organized on January 1. During the first year of operations, the following plant asset expenditures and receipts were recorded in random order. Expenditures 1. Excavation costs for new building $13,585 2 Architect's fees on building plans 33,040 3. Full payment to building contractor 662,000 4. Cost of real estate purchased as a plant site (land $301,500 and building $26,200) 327,700 5. Cost of parking lots and driveways 29.980 6. Accrued real estate taxes paid at time of purchase of real estate 4,130 7. Installation cost of fences around property 8,190 8. Cost of demolishing building to make land suitable for construction of new building 26,200 9. Real estate taxes paid for the current year on land 6,090 $1,110,915