The Italian Bread Company purchased land as a factory site for $61.000. An old building on the property was demolished, and construction began on a new building. Costs incurred during the first year are listed as follows: Demolition of old building Sale of salvaged materials Architect fees (for new building) Legal fees (for title investigation of land) Property taxes on the land for the first year) Building construction costs Interest costs related to the construction $ 8,100 (1,100) 15,500 2.100 3.100 510,000 18,500 Required: Determine the amounts that the company should record in the Land and the Building accounts. (Amounts to be deducted should be indicated by a minus sign.) Land Building Totals