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The following cases are independent. Case A Starling Ltd. bought a building for $1,060,000. Before using the building, the following expenditures were made Repair and

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The following cases are independent. Case A Starling Ltd. bought a building for $1,060,000. Before using the building, the following expenditures were made Repair and renovation of building Construction of new paved driveway Upgraded landscaping Wiring Deposits with utilities for connections Sign for front and back of building, attached to roof Installation of fence around property S 105,000 27,500 4,200 16,000 2,500 14,000 Case B Lark Company purchased a $32,500 tract of land for a new manufacturing facility. Lark demolished an old building on the property and sold the materials it salvaged from the demolition. Lark incurred additional costs and realized salvage proceeds as follows Demolition of old building Routine maintenance (mowing) done on purchase2,500 Proceeds from sale of salvaged materials Legal fees Title guarantee insurance $31,000 11,200 9,000 5,600 Required: 1. What balance would Starling report in the building account? Balance in building account

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