Teradene Corporation purchased land as a factory site and contracted with Maxtor Construction to construct a factory. Teradene made the following expenditures related to the acquisition of the land, building, and equipment for the factory. (FV of $1, PV of $1. FVA of $1 PVA of $1, FVAD of $1 and PVAD of $1 (Use appropriate factor(s) from the tables provided.): Purchase price of the land Demolition and removal of old building Clearing and grnding the land before construction Various closing costs in connection with acquiring the land Architect's fee for the plans tor the new building Paynents to Maxtor for building conatruction Equipment purchased Freight charges on equipment Trees, plants, and other landscaping Installation of a sprinkler systen for the landscaping Cost to build special platforms and install wiring for the equipment Cost of trial runs to ensure proper installation of the equipment Fire and theft insurance on the factory for the first year of use $1,290, 000 89, 000 195,000 51,000 59, 000 3, 340,000 905,000 41,000 54, 000 5, 900 21,000 7,900 33,000 In addition to the above expenditures, Teradene purchased four forklifts from Caterpillar. In payment, Teradene paid $25,000 cash and signed a noninterest bearing note requiring the payment of $79,000 in one year. An interest rate of 6% properly reflects the time value of money for this type of loan. Required Determine the initial valuation of each of the assets Teradene acquired in the above transactions. (Round your answers to the nearest whole dollars.) Assets Land Building Equipment Land improvements Fork lits Prepaid insurance