Sandhill Co. was organized on January 1. During the first year of operations, the following plant ascet expenditures and receipts were recorded in random order.Expenditures1Excavation costs for new building$13,5202Architect's fees on building plans39,5003Full payment to building contractor647400Cost of real estate purchased as a plant site (land $258,300 and building $30,800)289,100.Cost of parking lots and driveways28,990Accrued real estate taxes paid at time of purchase of real estate24407.Installation cost of fences around property8,750Cost of demolishing building to make land suitable for construction of new building29,1009.Real estate taxes paid for the current year on land7400$1,066,800\ \