Sheffield Landscaping began construction of a new plant on December 1, 2025. On this date, the company purchased a parcel of land for $293,100 in cash. In addition, it paid $4,200 in surveying costs and $8,400 for a title insurance policy. An old dwelling on the premises was demolished at a cost of $6,300, with $2,100 being received from the sale of materials. Architectural plans were also formalized on December 1,2025, when the architect was paid $63,000. The necessary building permits costing $6,300 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 2026 as follows. The building was completed on July 1,2026. To finance construction of this plant, Sheffeld borrowed $1,260,000 from the bank on December 1, 2025, Sheffield had no other borrowings. The $1,260,000 was a 10 -year loan bearing interest at 10%. Compute the balance in each of the following accounts at December 31,2025, and December 31, 2026. a. Land December 31, 2026 b. Building c. Interest expense