Purchase price of land, including an old building that will be used for a garage (land market value is $325,000; building market value is $75,000).. a. $ 360,000 b. Grading (leveling) land 8,300 Fence around the land 31,900 C. d. Attorney fee for title search on the land 1,200 Delinquent real estate taxes on the land to be paid by Money Store 5,700 e. f. Company signs at entrance to the property. 1,700 Building permit for the sales building. .. 400 g. h. Architect fee for the design of the sales building 18,960 i. Masonry, carpentry, and roofing of the sales building. 516,000 j. Renovation of the garage building 48,540 k. Interest cost on construction loan for sales building. 9,300 Landscaping (trees and shrubs)... . . 6,600 52,100 Parking lot and concrete walks on the property m. Lights for the parking lot and walkways 7,900 n. Salary of construction supervisor (82% to sales building; 10% o. to land improvements; and 8% to garage building renovations) 37,000 Office furniture for the sales building 79,500 p. Transportation and installation of furniture 2,100 q. Assume Money Store, Inc., opened an office in Hamilton, Ohio. Money Store incurred the following costs in acquiring land, making land improvements, and constructing and furnishing the new sales building: (Click the icon to view the financial data.) Assume Money Store depreciates buildings over 50 years, land improvements over 15 years, and furniture over 12 years, all on a straight-line basis with zero residual value. Read the requirements feach asset. Requirement 1. Show how to account for each of Money Store's costs by listing the cost under the correct account. Determine the total cost Start with items a through i, next, enter items i through q, and lastly calculate the totals for each asset category. (If a box is not used in the table leave the box empty; do not select a label or enter a zero. Round percentages to two places when calculating proportions (XXX % ) , and use your computed percentages throughout. Round your final answers the nearest whole dollar.) Garage Land Sales Building Item Land Improvements Building Furniture 325000 75000 8.300 1,900 1,200 d. 5,700 1,700 400 Enter any number in the edit fields and then click Check Answer. iRequirements 1. Show how to account for each of Money Store's costs by listing the cost under the correct account. Determine the total cost of each asset. 2. All construction was complete and the assets were placed in service on April 2. Record depreciation for the year ended December 31. Round to the nearest dollar. 3. How will what you learned in this problem help you manage a business