The following payments and receipts are related to land land improvements, and buildings acquired for use in a wholesale ceramic business The receipts are identified by an asterisk next to the item letter. a. Fee paid to attorney for title search $2,500 b. Cost of real estate acquired as a plant site. Land 285,000 55,000 Cost of real estate acquired as a plant site Building to be demolished) Delinquent real estate taxes ohroperty assumed by purchaser ochoro Cost of razing and removing building acquired in B Proceeds from sale of salvage materials from old building 15 500 d 5,000 e. 4,000 f Special assessment paid to city for extension of water main to the property 29,000 g 60.000 h 6.000 Architect's and engineer's fees for plans and supervision Premiurn on one-year insurance policy during construction Cost of filing and grading and Money borrowed to pay building contractor Cost of repairing windstorm damage during construction 12.000 900,000 k. 5,500 1 Cast of paving parking lot to be used by customers Cost of trees and shrubbery planted 32.000 m. 11,000 n 2,000 0 Cost of floodlights installed on parking lot Cost of repairing vandalism damage during construction Proceeds from insurance company for windstorm and vandalism damage 2.500 p." 7.500 800,000 Payment to building contractor for new building Interest incurred on building loan dunng construction Refund of premium on insurance policy (h) canceled after 11 months 34,500 $ 500 ating payments and receipts to fixed asset accounts structions Allocation to Fixed Asset Accounts Final Questions ructions ucation to Fixed Asset Accounts Shaded cells have feedba 1. Assign each payment and receipt to Land (unlimited life). Land Improvements (limited life), Building, or Other Accounts in the table provided. Enter receipts as negative amounts using the minus sign 2. Determine the amount debited to Land, Land Improvements, and Building, uestion not attempted. Allocation to Fixed Asset Accounts Score: 0/145 Item Land Building Other Accounts Land Improvements I b. . 4 C 5 d. 6 e 7 f. 3 ch 9 h 10 11 i 12 k I 15 L 14 TL 15 P 15 a p. p P 15 C 8 5 21 Debited amounts Previous Nex | THPT