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In $2024,$ Crane Company had the following transactions related to the purchase of a property. All transactions were for cash unless otherwise stated.

Jan. $12$ Purchased real estate for a future plant site for $$423,000,$ paying $$103,000$ cash and signing a note payable for the balance. On the site, there was an old building. The fair values of the land and building were $$413,000$ and $$53,000,$ respectively. The old building will be demolished and a new one built.

$16$ Paid $$9,300$ for legal fees on the real estate purchase.

$31$ Paid $$77,500$ to demolish the old building to make room for the new plant.

Feb. $13$ Received $$10,300$ for residual materials from the demolished building.

$28$ Graded and filled the land in preparation for the construction for $$9,300.$

Mar. $14$ Paid $$39,750$ in architect fees for the building plans.

$31.$ Paid the local municipality $$16,300$ for building permits.

Apr. $22$ Paid excavation costs for the new building of $$18,300.$