Question 22 Not yet answered Marked out of 3.00 P Flag question On February 1, 2013, Forwards Corporation purchased a parcel of land as a factory site for $455,000. An old building on the property was demolished and construction begun on a new warehouse that was completed April 15, 2014. Costs incurred on the construction project are listed below. Demolition of old building $ 21,000 Architect's fees ............ 31,700 Legal testicle investigation ............ 4,100 Construction costs 950,000 Imputed interest based on stock financing .......... 14,000 Landtil for building site 19,300 Clearing of trees from building site ................ Temporary buildings used for construction activities. 9,600 29,000 Land survey 1.000 Excavation for basement .... . Salvage materials from demolition sold for $1.300) 13,200 (Timberwold for $3,300) Determine the cost of the land and new building