TB PR Qu. 7-210 (Algo) On the first day of the year, China Express... On the first day of the year, China Express purchased land for $87,000. Prior to construction of the new building, the land had to be cleared of trees and brush. Construction costs incurred during the first year are listed below: Required: Determine the amounts that the company should record in the Land and the Bullding accounts. (Amounts to be deducted should be indicated by a minus sign.)