Pina Landscaping began construction of a new plant on December 1, 2017. On this date, the company purchased a parcel of land for $144,000 in cash. In addition, it paid $2,640 in surveying costs and $3,840 for a title insurance policy. An old dwelling on the premises was demolished at a cost of $3,360, with $960 being received from the sale of materials Architectural plans were also formalized on December 1, 2017, when the architect was paid $39,600. The necessary building permits costing $3,360 were obtained from the city and paid for on December 1 as well. The excavation work began during the first week in December with payments made to the contractor in 2018 as follows Date of Payment March 1 May 1 July 1 Amount of Payment $256,800 333,600 62,400 The building was completed on July 1, 2018 To finance construction of this plant, Pina borrowed $612,000 from the bank on December 1, 2017. Pina had no other borrowings. The $612,000 was a 10-year loan bearing interest at 8% Compute the balance in each of the following accounts at December 31, 2017, and December 31, 2018. (Round answers to O decimal places, e.g. 5,275.) December 31, 2017 December 31, 2018 (a) Balance in Land Account 152880 152880 (b) Balance in Building 44266 716268 (c) Balance in Interest Expense 2774 29758