The following items represents expenditures (or receipts) related to the construction of a new name office for Secrest: Investment Company. Cost of land site, which included an abandoned railroad spur $195,000 Legal fees, including title search, relating to land purchase 6, 300 Cost of surveying land to confirm boundaries1, 300 Cost of removing railroad tracks 9, 500 Payment of delinquent property taxes assumed by the purchase 8,000 Proceeds from sale of timber from walnut trees out down to prepare site for construction {22,000} Proceeds from sale of salvaged railroad track {5, 500} Grading to prepare land site for construction 6,000 Cost of basement excavation (contracted separately) 5, 700 Architect's fees on new building 130,000 Payment to building contractor -original contract price 3, 400,000 Cost of changes during construction to make building more energy efficient 91,000 Cost of replacing windows broken by vandals 2, 600 Cost of driveway and parking lot 19,000 Out-of-cour settlement for mud side once adjacent property 12,000 special assessment for paving city sidewalls (paid to city) 24,000 cost of brick and wrought iron fence installed across front of property 16, 500 Required From the given data compute the proper balances for the Land. Building and Land improvements accounts of Secrest investment Company? Land $ 210,000 Building $ 3, 610,000 Land improvement $ 4, 500