The following expenditures and receipt(s) are either related to land, land improvements, or buildings acquired for use in a business enterprise. Receipts are enclosed in parentheses.

Identify each item below by writing either land, land improvements or buildings below the item:

Interest paid during construction on money borrowed for construction 13,000

Cost of parking lots and driveways 19,000

Cost of trees and shrubbery planted (permanent in nature) 14,000

Refund of 1-month insurance premium because construction completed

Early (1,000)

Architects fee on building 22,000

Cost of real estate purchased as a plant site (land $200,000 & building $50,000) 250,000

Commission fee paid to real estate agency 9,000

Installation of fences around property 4,000

Excavation costs for new building 3,000

Proceeds from salvage of demolished building (5,000)