Q4. Joshi Company took up the expansion of its plant in 20X7. The costs incurred in this project and collected in the Plant Expansion Project account are as follows: Land Rs. 1,500,000 Parking lots and driveways 60,000 Commission paid to estate agents 30,000 Clearing and levelling the land 10,500 Construction of building 1,968,000 Fences 45,000 Architects' fees for building and land improvements ( 90 per cent for building) 57,000 Purchase price of machinery 1,590,000 Installing machinery 2,10,000 Freight inward on machinery 12,000 Trial production runs 17,000 Lawyers' fees for title search and other services 20,000 Registering transfer of title to land 1,50,000 Repairing a wall that was damaged in handling the machinery 6,000 Additional electrification work in building 40,000 Development charges payable to the city corporation 25,000 Required : Prepare a statement classifying the items into these categories: Land, Land Improvements, Building, and Equipment. (14)