Requirement 2. All construction was complete and the assets were placed in service on September 1. Record partial-year depreciation for the year ended December 31. Round to the nearest dollar. (Record a single compound journal entry. Round all depreciation expense amounts to the nearest whole dollar. Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit Dec. 31 Screenshot Data Table - a. $ 85,000 5,900 c. 9,000 3,400 9,200 400 20,600 Purchase price of three acres of land b. Delinquent real estate taxes on the land to be paid by Park and Fly Additional dirt and earthmoving d. Title insurance on the land acquisition e. Fence around the boundary of the property f. Building permit for the building g. Architect's fee for the design of the building h. Signs near the front of the property i. Materials used to construct the building j. Labor to construct the building k. Interest cost on construction loan for the building 1. Parking lots on the property m. Lights for the parking lots Salary of construction supervisor (80% to building; 20% to parking lot and concrete n. walks) 9,300 215,000 171,000 9,400 29,600 10,200 40,000 o. Furniture 11,900 2,200 p. Transportation of furniture from seller to the building q. Additional fencing 6,500 Print Done Done Park and Fly, near an airport, incurred the following costs to acquire lanc, make land improvements, and construct and fumish a small buidrg: Park and Fly depreciates and improvements over 20 years, buildings over 30 years, and fumiture over 12 years, al on a straight-line basis with zero residual value Click the icon to view the financial de Read the requirements Requirement 1. Culuirnes for Land, Land improvements. Buicing and Furniture have been set up. Show how larunt for each us. by listing the post under the correct accoun. Delerine the full cost of school Begin by listing esch coat for ilerre a through i. firs.. followed by itemsj. through 4. Then determine the total coelo esch &eet (If a box is not used in the table, leave the box emoly, do not enter a zero. Land Item Land Improvements Building Furniture 8. d