Problem 9-1A Crane Company was organized on January 1. During the first year of operations, the following plant asset expenditures and receipts were recorded in random order bit 1. Excavation costs for new building 2. Architect's fees on building plans 3. Full payment to building contractor 4 5. Cost of parking lots and driveways 6. Accrued real estate taxes paid at time of purchase of real estate 7. Installation cost of fences around property 8 $14,065 33,450 643,500 317,200 37,350 3,090 8,120 30,700 7,220 $1,094,695 Cost of real estate purchased as a plant site (land $283,100 and building $34,100) Cost of demolishing building to make land suitable for construction of new building 9. Real estate taxes paid for the current year on land Credit 10. Proceeds from salvage of demolished building $12,700 Problem 9-1A Crane Company was organized on January 1. During the first year of operations, the following plant asset expenditures and receipts were recorded in random order bit 1. Excavation costs for new building 2. Architect's fees on building plans 3. Full payment to building contractor 4 5. Cost of parking lots and driveways 6. Accrued real estate taxes paid at time of purchase of real estate 7. Installation cost of fences around property 8 $14,065 33,450 643,500 317,200 37,350 3,090 8,120 30,700 7,220 $1,094,695 Cost of real estate purchased as a plant site (land $283,100 and building $34,100) Cost of demolishing building to make land suitable for construction of new building 9. Real estate taxes paid for the current year on land Credit 10. Proceeds from salvage of demolished building $12,700