Question 1 Kicking It Company made the following expenditures in connection with the construction of its new soccer facility: Architect's fees for new building 8,000 Cash paid for land and old building 130,000 Removal costs of old building 19,000 Salvage money received from demolition of old building -6,000 Legal fees for purchase of land and old building 900 Excavation costs for construction of basement for new 1,500 building Machinery purchased 71,000 Calibration / Testing materials for machinery (normal) 500 Freight on machinery purchased 1,500 500 Damage repairs for machinery from accident during installation ACE Damage repairs for machinery from accident during installation 500 Construction costs of new building 612,000 Landscaping costs (permanent in nature) 6,500 Installation costs for machinery 8,500 Prepare a schedule showing the amounts to be recorded as Land, Building, Machinery and Expenses. Treat all of the items above as being recorded on the same day in a single journal entry and paid for by cash. Use the Question 1 working paper to show your calculations and present the journal entry. (You may do 4 separate journal entries if you wish - one each for Land, Building, Machinery and Expenses) 2CE