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). ($274,820) 2. A payment for building construction from note proceeds $274,820 3. The cost of landfill and clearing. $7.650 4. Delinquent real estate taxes on property, assumed by the purchaser. 56.840 5. A premium on a six-month insurance policy during construction, 55820 6. Refund of one month's insurance premium because construction was completed early. (5770) 7. An architect's fee on a building, $22.000 8 The cost of real estate purchased as a plant site (land $199,900, building $49.975), $249,875 9. 10. 11. 12. A fee paid to a real estate agency for finding the property, $8.890 relating to the land purchase (see 8) The installation of fences around a property, $3.590 The cost of razing (demolishing) and removing the building on the plant site (see item 81 $10.620 Proceeds from the salvage of the demolished building, ($4,930) Interest paid during construction on money borrowed for construction. $12.910 13. 14. The cost of parking lots and driveways. $18,630 1714