Sage Landscaping began construction of a new plant on December 1, 2020. On this date, the company purchased a parcel of land for $145.200 in cash. In addition, it paid $2,640 in surveying costs and $4,080 for a title insurance policy. An old dwelling on the premises was demolished at a cost of $3,360, with $720 being received from the sale of materials. Architectural plans were also formalized on December 1, 2020, when the architect was paid $33,600. The necessary building permits costing $3,360 were obtained from the city and paid for on December 1 as well. The excavation work began during the first week in December with payments made to the contractor in 2021 as follows. Date of Payment March 1 May 1 July 1 Amount of Payment $249.600 336,000 62.400 The building was completed on July 1, 2021. To finance construction of this plant, Sage borrowed $609.600 from the bank on December 1, 2020. Sage had no other borrowings, The $609.600 was a 10-year loan bearing interest at 9% Compute the balance in each of the following accounts at December 31, 2020, and December 31, 2021. (Round answers to o decimal places, s. 5,275.) December 31, 2020 December 31, 2021 (a) Balance in Land Account (b) Balance in Building c) Balance in Interest Expense