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Required information

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Shahia Company bought a building for $$79,000$ cash and the land on which it was located for $$110,000$ cash. The company paid transfer costs of $$12,000($ $$5,000$ for the building and $$7,000$ for the land$).$ Renovation costs on the building before it could be used were $$30,000.$

$3.$ Determine the net book value of the property $($land and building$)$ at the end of year $2.$

Note: Amounts to be deducted should be indicated by a minus sign.

$\backslash$table$[[$Net book value of property at end of Year $2,],[$Building$,$$$,44,000],[$Accumulated depreciation,,$],[$Land$,,103,000],[$Net book value,$$,147,000]]$