Ringo's Manufacturing incurred the following costs in acquiring land, making land improvements, and constructing and furnishing a new building. (Click the icon to view the financial data.) Ringo's Manufacturing depreciates buildings over 50 years, land improvements over 25 years, and furniture over 8 years, all on a straight-line basis with zero residual value. Read the requirements. Requirement 1. Show how to account for each cost by listing the cost under the Land, Land Improvements, Building, or Furniture account. Determine the total cost of each asset. Begin by allocating the cost of events a. through i. to the plant asset accounts. Next, allocate the cost of events j. through p.. Lastly, calculate the total cost of each asset. (Leave unused cells blank.) Land Item Land Improvements Buildings Furniture a. b. C. d. e. f. g. h. i. j. k. Data Table a. $ 195,000 b. 8,700 C. 16,400 1,200 5,600 4,200 1,200 14,000 Purchase price of four acres of land .. Additional dirt and earthmoving... Fence around the boundary of the property d. Attorney fee for title search on.the.land. . e. Unpaid property taxes on the land to be paid by Ringo's f. Company signs at the front of the property. g. Building permit for the building. h. Architect's fee for the design of the building i. Labor to construct the building. ... j. Materials used to construct the building k. Landscaping Parking lot and concrete walks m. Lights for the parking lot and walkways n. Salary of construction supervisor (85% to building; 15% to parking lot and concrete walks) Furniture for the building. p. Transportation and installation of furniture 420,000 324,000 6,300 1. 29,000 11,900 60,000 o. 106,900 2,300 Print Done