Please answer both parts of the question Thank you!

On March 1, 2024, Beldon Corporation purchased land as a factory site for $72,000 An old building on the property was demolished, and construction began on a new building that was completed on December 15, 2024. Costs incurred during this period are listed $ 5,000 628,008 below: Demolition of old building Architect's fees (for new building) Legal fees for title investigation of land Property taxes on land (for period beginning March 1, Construction costs Interest on construction loan 2e24) 11,000 8,008 6,000 Salvaged materials resulting from the demolition of the old building were sold for $3,200. Required: Determine the amounts that Beldon should capitalize as the cost of the land and the new building. Complete this question by entering your answers in the tabs below. Cost of New Cost of Land Building Determine the amounts that Beldon should capitalize as the cost of the land. Note: Amounts to be deducted should be indicated with a minus sign. Capitalized cost of land: Total cost of land s o