The following expenditures and receipts are related to land, land improvements, and buildings that were acquired for use in a business enterprise. The receipts are in parentheses. 1. Money borrowed to pay a building contractor (signed a note), ($274,510) 2. A payment for building construction from note proceeds, $274,510 3. The cost of landfill and clearing, $7,530 4. Delinquent real estate taxes on property, assumed by the purchaser, $6,590 5. A premium on a six-month insurance policy during construction, $5,820 6. Refund of one months insurance premium because construction was completed early, ($970) 7. An architects fee on a building, $21,610 8. The cost of real estate purchased as a plant site (land $199,500, building $49,875), $249,375 9. A fee