Required information [The following information applies to the questions displayed below.] On January 1, Mitzu Company pays a lump-sum amount of $2,650.000 for land, Bullding 1, Bullding 2, and Land Improvements 1. Building 1 has no value and will be demolished. Building 2 will be an office and is appraised at $840,000, with a useful life of 20 years and a $90.000 salvage value. Land Improvements 1 is valued at $330.000 and is expected to last another 11 years with no salvage value. The land is valued at $1,830,000. The company also incurs the following additional costs. Cost to demolish Buflding 1 Cost of additional land grading Cost to construct BuIlding 3, having a useful life of 25 years and a $400,000 salvage value Cost of new tand Ieprovements 2 , having a 20 -year useful 11 fo and no solvage value Required: 1. Allocate the costs incurred by Mitzu to the appropriate columns and total each column. Journal entry worksheet Record the cost of the plant assets, paid in cash. Note: Enter debits before credits. Journal entry worksheet Record the year-end adjusting entry for the depreciation expense of Building 2. Note: Enter debits before credits. Journal entry worksheet Record the year-end adjusting entry for the depreciation expense of Building 3. Note: Enter debits before credits. Journal entry worksheet Record the year-end adjusting entry for the depreciation expense of Land Improvements 1. Note: Enter debits before credits. Journal entry worksheet Record the year-end adjusting entry for the depreciation expense of Land Improvements 2. Note: Enter debits before credits