Question 2 Not complete Marked out of 2.00 Flag question Determining Ending Balances in Land and Building Accounts Maldive Company completes the construction of a building. The following separate items are the costs relevant to the purchase of the lot and construction of the building. Cash payments to contractor $280,000 Sales tax on construction materials used in addition to contractor payments 8,400 Cost of land (building site) 140,000 Gross cost to raze old building on land 56,000 Proceeds from old building salvage 14,000 Utility charges for electricity used in construction 5,600 Capitalized interest on construction 8,400 Determine the ending balance for the Land account and for the Building account. Ending balance in the Land account $ 0 Ending balance in the Building account $ 0 Check