Prompt: Peete Company was organized on January 1. During the first year of operations, the following plant asset expenditures and receipts were recorded in random order. Instructions: Analyze the transactions. Drag and drop the account that will be affected by the expenditure, and then drag and drop whether the expenditure will be added to or subtracted from the account balance, Item Expenditures Add/ Subtract Account Name Buildings 1 Excavation costs for new building. 23,000 Land Architect's fees on building plans 33,000 2 3 Full payment to building contractor 640,000 Land Improvements 4 Cost of land purchased as a plant site 255,000 Property tax expense Add Subtract 6 5 cost of parking lots and driveways. 29,000 Accrued property taxes paid at time of 3,170 purchase of the land. 7 Installation cost of fences around property 6,800 Cost of demolishing building to make land 8 suitable for construction of new building. 31,000 Real estate taxes paid for the current year bn land, 6,400 10 Proceeds from salvage of demolished 12,000 uilding on the land. 9 Submit