Sunland Landscaping began construction of a new plant on December 1, 2025, On this date, the compary purchaseda parcel of land for $237,500 incash. In addition, it paid $3,400 in surveying costs and $6,800 for a title insurance policy. An old dwelling on the premises was demolished at a cost of $5,100, with $1,700 being reccived from the sale of materials Architectural plans were aks formalized on December 1,2025, when the architect was paid 551,000 , The necessary buliding permits costing $5,100 were obtained from the city and paid for on December 1 as well. The excavation work began during the first weok in December with payments made to the contractor in 2026 as follows. The bulding was completed on July 1.2026 . To finance construction of this plant, Suntand borrowed $1,020,000 trom the bank on December 1,2025 . Sunland flad no othes borrowines The 51.020,000 was a 10 year loan bearing interest at 10% Compute the batance in each of the following accountis at December 31,2025 , and December 31,2026 Sunland Landscaping began construction of a new plant on December 1, 2025, On this date, the compary purchaseda parcel of land for $237,500 incash. In addition, it paid $3,400 in surveying costs and $6,800 for a title insurance policy. An old dwelling on the premises was demolished at a cost of $5,100, with $1,700 being reccived from the sale of materials Architectural plans were aks formalized on December 1,2025, when the architect was paid 551,000 , The necessary buliding permits costing $5,100 were obtained from the city and paid for on December 1 as well. The excavation work began during the first weok in December with payments made to the contractor in 2026 as follows. The bulding was completed on July 1.2026 . To finance construction of this plant, Suntand borrowed $1,020,000 trom the bank on December 1,2025 . Sunland flad no othes borrowines The 51.020,000 was a 10 year loan bearing interest at 10% Compute the batance in each of the following accountis at December 31,2025 , and December 31,2026