Sheridan Landscaping began construction of a new plant on December 1,2022 (all amounts in thousands). On this date, the compary purchased a parcel of land for 155,680 in cash. In addition, it paid $2.240 in surveying costs and $4,480 for a title insurance policy. An old dwelling on the premises was demolished at a cost of 3,360, with 1,120 being received from the sale of materials. Architectural plans were also formalized on December 1. 2022, 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 2023 as follows. The building was completed on July 1,2023. To finance construction of this plant, Sheridan borrowed $672,000 from the bank on December 1,2022 . Sheridan had no other borrowing5. The $672.000 was a 10-year loan bearing interest at 8%. Excess funds from the loan were invested during 2022 and earned $2,240. During 2023, the excess funds from the loan earned $1,120, Compute the balance in each of the following accounts at December 31, 2022, and December 31, 2023. (Round answers to 0 decimal places, e.s. 5,275.) To firance construction of this plant, Sheridan borrowed 8672.000 from the bank on December 1. 2022. Sheridan had no other borrowings. The Y 672,000 was a 10 -year loan bearing interest at 8 . Frcess funds from the loan were invested durine 2022 and earned 2,240. During 2023 , the excess funds from the loan earned 2,120 Compute the balance in each of the following accounts at December 31,2022, and December 31.2023. (Round answers to 0 decimal places, es. 5.275.1