The building was completed on July $1,2021.$

To finance construction of this plant, Tamarisk borrowed $$604,800$ from the bank on December $1,2020.$ Tamarisk had no other

borrowings. The $$604,800$ was a $10-$year loan bearing interest at $8\%.$

Compute the balance in each of the following accounts at December $31,2020,$ and December $31,2021.($Round answers to $0$

decimal places, e$.$g$.5,275.)$

$($a$)$ Balance in Land Account

$($b$)$ Balance in Building

$($c$)$ Balance in Interest Expense