Required information [The following information applies to the questions displayed below.] Shahia Company bought a building for $81,000 cash and the land on which it was located for $121,000 cash. The company paid transfer costs of $12,000 ( $7,000 for the building and $5,000 for the land). Renovation costs on the building before it could be used were $34,000. 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. Required information [The following information applies to the questions displayed below.] Shahia Company bought a building for $81,000 cash and the land on which it was located for $121,000 cash. The company paid transfer costs of $12,000 ( $7,000 for the building and $5,000 for the land). Renovation costs on the building before it could be used were $34,000. 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