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:Demolition and removal of old building

Clearing and grading the land before $94,000$

Various closing costs in connectiore construction $220,000$

Architect's fee for the plans for to with acquiring the land $56,000$

Payments to Maxtor for building construction $3,340,000$

Equipment purchased $930,000$

Freight charges on equipment $46,000$

Trees, plants, and other landscaping $-59,000$

Installation of a sprinkler system for the landscaping $6,400$

Cost to build special platforms and install wiring for the equipment $26,000$

Cost of trial runs to ensure proper installation of the equipment $8,400$

Fire and theft insurance on the factory for the first year of use $38,000$In addition to the above expenditures, Teradene purchased four forklifts from Caterpillar. In payment, Teradene paid $$30,000$ cash and

signed a noninterest$-$bearing note requiring the payment of $$84,000$ in one year. An interest rate of $7\%$ properly reflects the time value

of money for this type of loan.

Required:

Determine the amount Teradene would record for each of the assets acquired in the above transactions.

Note: Use tables, Excel, or a financial calculator. Round your final answers to the nearest whole dollar. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$

PVA of $$1.$ FVAD of $$1$ and PVAD of $$1)$

This questions has been answered, but all of the answers given are incorrect. Please assist.