TB PR Qu. 7.210 (Static) On the flist day of the year, China Express... On the first day of the year, China Express purchased land for \$140,000. Prior to construction on the new bullding, the land had to be cleared of trees and brush. Costs Incurred during the first year are listed below. Required: Determine the amounts that should be recorded in the Land and the Bullding accounts. (Amounts to be deducted should be indicated by a minus sign.) TB PR Qu. 7.210 (Static) On the flist day of the year, China Express... On the first day of the year, China Express purchased land for \$140,000. Prior to construction on the new bullding, the land had to be cleared of trees and brush. Costs Incurred during the first year are listed below. Required: Determine the amounts that should be recorded in the Land and the Bullding accounts. (Amounts to be deducted should be indicated by a minus sign.)