Sandhill Co. was organized on January 1. During the first year of operations, the following plant asset expenditures and receipts were recorded in random order.

Debit
1.		Excavation costs for new building		$34,000
2.		Architects fees on building plans		44,000
3.		Full payment to building contractor		651,000
4.		Cost of real estate purchased as a plant site (land $266,000 and building $25,000)		291,000
5.		Cost of parking lots and driveways		40,000
6.		Accrued real estate taxes paid at time of purchase of land		4,270
7.		Installation cost of fences around property		7,900
8.		Cost of demolishing building to make land suitable for construction of new building		42,000
9.		Real estate taxes paid for the current year on land		7,500
				$1,121,670
Credit
10.		Proceeds from salvage of demolished building		$ 13,100

Analyze the transactions using the following table column headings. Enter the amounts in the appropriate columns. For amounts in the Other Accounts column, also indicate the account title. (If an amount falls into either the Land or Buildings column, enter "Not Applicable" in the account title column. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

						Other Accounts
Item		Land		Building		Amounts	Account Title
1		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount	choose an account title Land ImprovementsPrepaid InsuranceProperty Tax ExpenseLicense ExpenseNot Applicable
2		enter a dollar amount		enter a dollar amount		enter a dollar amount	choose an account title Not ApplicableProperty Tax ExpenseLicense ExpenseLand ImprovementsPrepaid Insurance
3		enter a dollar amount		enter a dollar amount		enter a dollar amount	choose an account title Prepaid InsuranceProperty Tax ExpenseNot ApplicableLicense ExpenseLand Improvements
4		enter a dollar amount		enter a dollar amount		enter a dollar amount	choose an account title Not ApplicableLand ImprovementsPrepaid InsuranceProperty Tax ExpenseLicense Expense
5		enter a dollar amount		enter a dollar amount		enter a dollar amount	choose an account title Prepaid InsuranceLand ImprovementsProperty Tax ExpenseLicense ExpenseNot Applicable
6		enter a dollar amount		enter a dollar amount		enter a dollar amount	choose an account title Property Tax ExpenseNot ApplicableLand ImprovementsPrepaid InsuranceLicense Expense
7		enter a dollar amount		enter a dollar amount		enter a dollar amount	choose an account title Property Tax ExpensePrepaid InsuranceLicense ExpenseNot ApplicableLand Improvements
8		enter a dollar amount		enter a dollar amount		enter a dollar amount	choose an account title License ExpenseLand ImprovementsNot ApplicableProperty Tax ExpensePrepaid Insurance
9		enter a dollar amount		enter a dollar amount		enter a dollar amount	choose an account title Not ApplicablePrepaid InsuranceLand ImprovementsProperty Tax ExpenseLicense Expense
10		enter a dollar amount		enter a dollar amount		enter a dollar amount	choose an account title Property Tax ExpenseNot ApplicableLicense ExpenseLand ImprovementsPrepaid Insurance
		$enter a total for the land column		$enter a total for the building column