Required: Weez Ltd began operations during 2018. The company purchased a building site, immediately demolished the existing building, and had another building constructed over the course of the next 12 months. During this period, the company also made other expenditures related to property, plant, and equipment. The construction was completed in February 2019. The company's accountant, was unsure how to treat the following events in the accounting records: Fill in the following schedule by analysing each event and entering the payment (receipt) in the appropriate column. If you enter an amount in the "Other column, also enter the account name next to the dollar amount. Ignore GST. Item Land Manufacturing Account. no Land improvements. Building Equipment. Other Name . paid $500,000 for Land (fair value380,000) and Building (fair value $220,000 $500,000 2. Paid for the demolition of the existing building 2.5 3. Paid for taxes in arrears required from the purchase in 1. above 6,700 4. Paid attorneys for documents drafted for the purchase in 1. above 600 (4,600) 5. Received cash for sale of salvaged materials from demolition 6. Paid architect for designing new building 40,000 7. Paid for a temporary fence around the construction site* 23,300 8. Paid excavation costs for new building 84,000 8. 9. Paid for construction of parking spaces and installation of parking 15,700 10. Paid interest on building loan ($3,000 prior to and $15,000 during 18,000 10. 11. Paid for manufacturing equipment 84,000 12. Paid freight on manufacturing equipment 1,600 13. Paid $2,000 installation and $900 testing costs for manufacturing 2,900 12. 14. Paid for removal of temporary fencing around construction site 1,300 15. Paid for employee training on manufacturing equipment 900 16. Received cash for temporary fencing materials salvaged (500) 17. Paid for repair of manufacturing equipment that was damaged during installation 800 17.9 ding loan after Assume the fence was erected just prior to the excavation