Safe Parking, near an airport, incurred the following costs to acquire land, make land improvements, and construct and furnish a small building: a. Purchase price of three acres of land 86,000 b. Delinquent real estate taxes on the land to be paid by Safe Parking e. Additional dirt and earthmoving 6,300 8,400 d. Title insurance on the land acquisition 3,400 Fence around the boundary of the property 9,600 e. f Building permit for the building 900 Architect's fee for the design of the building 20,100 g. 9,000 h. Signs near the front of the property 217,000 i. Materials used to construct the building Labor to construct the building 172,000 j. 9,500 k. Interest cost on construction loan for the building Parking lots on the property 29,400 11,600 m. Lights for the parking lots n. Salary of construction supervisor (80 % to building; 20 % to parking lot and concrete walks) 80,000 11,700 o. Furniture 1,900 Transportation of furniture from seller to the building p. 6,900 q. Additional fencing Safe Parking depreciates land improvements over 15 years, buildings over 40 furniture over 10 years, all on a straight-line basis with zero residual value. years, Requirements Set up columns for Land, Land Improvements, Building, and Furniture. Show how to account for each cost by listing the cost under the correct account. Determine the 1. total cost of each asset. 2. All construction was complete and the assets were placed in service on September 1. Record partial-year depreciation expense for the year ended December 31. Round to the nearest dollar